The Makati City government under the administration of Mayor Abigail Binay has tallied a total of P12.1 billion in revenue as of May, a collection equivalent to 71 percent of the P17.12-billion revenue target for the entire year.
Binay is optimistic the city will again surpass its revenue target for the year, as it had done in the past three years.
“At the rate we are going, we expect to surpass our full-year revenue target before this December. With our stable financial standing, we will be able to implement new initiatives and enhance current programs and services for Makatizens,” she said.
Major projects the city chief executive vowed to pursue as she starts her second term this July include the upgrading of public school facilities for the digital age, continuing modernization of the Ospital ng Makati in Pembo, the completion of the new state-of-the-art hospital in Malugay, and the establishment of a public columbarium offering free cremation and inurnment services to city residents.
In a report to the Office of the Mayor, City Treasurer Jesusa Cuneta stated that as of May 31, 2019, the city collected P12,155,881,631.06, and has attained 66 percent of its target collections from Business Tax and 95 percent of its target for Real Property Tax.
From January to May, collections from Business Tax reached P6.4 billion out of the P9.8-billion target, while Real Property Tax payments generated P4.5 billion of the almost P4.8-billion goal.
According to the Business Permits Office, the city has registered 2,477 new businesses as of last June 21, with combined capital investment amounting to P23.3 billion.
In the same period, a total of 34,542 businesses have renewed their permits, reporting a combined sales of P1.4 trillion.
The city has also derived income from other sources, including Fees and Charges, P531.1 million; Economic Enterprises P76.8 million; Interest Income, P106.5 million; and Internal Revenue Allotment, P494.1 million.
Meanwhile, Binay has announced that 31 satellite realty tax payment centers will be opened by the Office of the City Treasurer on scheduled dates in various barangays starting July 2 (Tuesday) for real property owners with taxes due this third quarter.
“Real property owners in the city are encouraged to take advantage of this opportunity, as it would help them save time, energy and transportation expenses,” she said.
Binay said through the Realty Tax Division under the Finance Department, the city government ensures the efficiency of services at the satellite payment centers, where each transaction usually takes a maximum of five minutes. Taxpayers only need to present their previous receipt and pay the taxes due to receive an electronic receipt.
The payment centers will be open from 9 am to 4 pm to accept payments.
On July 2, the payment centers will be opened in Barangays Bel-Air and Urdaneta, followed by Magallanes and San Lorenzo on July 3.
The schedule for the rest of the week is as follows: July 4, Brgys. Dasmariñas and Forbes Park; and July 5, Brgys. Bangkal, Pio del Pilar, San Isidro, Palanan, and San Antonio.
The following week, the payment centers will be open to serve taxpayers, as follows: July 9 (Tuesday), Brgys. La Paz, Sta. Cruz, Singkamas, Tejeros, and Kasilawan; July 10 (Wednesday), Carmona, Olympia, Valenzuela, Poblacion and Guadalupe Viejo; July 11 (Thursday), Guadalupe Nuevo, Pinagkaisahan, Pitogo, Cembo and South Cembo; and July 12 (Friday), West Rembo, East Rembo, Comembo, Pembo and Rizal.
Based on the city’s Revenue Code, Makati offers a five percent discount for quarterly payments made during the first 20 days of the quarter (July 20 for the third quarter). On the other hand, late quarterly payments will incur a penalty of two percent per month.
The Realty Tax Division at the 2nd floor of Makati City Hall Building I will also be open to serve taxpayers on Saturdays from 8am to 4pm on July 6, 13 and 20. On weekdays from July 1 to 19, it will be open to serve clients from 8am to 7:30pm.
Moreover, the Business Tax Division at the ground floor, City Hall Buildig II, will be open Monday to Friday from 8 am to 7:30 pm starting July 1 up to July 19, and on Saturdays from 8 am to 4 pm on July 6, 13 and 20.
