The Cebu City Hall. CDN Digital photo | Brian J. Ochoa
CEBU CITY, Philippines — The payment of business taxes and fees in Cebu City for the second quarter of 2023 is not likely to be extended. City Treasurer Mare Vae Reyes told CDN Digital in a text message on Thursday, April 20, that the city will stick to its April 20 deadline for the payment of business taxes.In a separate text interview, Vice Mayor Raymond Alvin Garcia told CDN Digital that they are “very much open” to extending the deadline for the payment of business tax.Reyes, for her part, said they will not recommend it to the council.
Reyes said a surcharge of 25 percent and an interest of two percent monthly will be imposed on the unpaid amount from the due date until it is fully paid, after the April 20 deadline. In January 2023, the city government collected more than P1.4 billion in business taxes; this was higher than the P1.248 the city collected in 2022. /rcg