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QC traders to enjoy triple tax relief in ‘22

Republika

TRIPLE tax relief await Quezon City-based businesses next year as the Quezon City council approved three ordinances providing them much-needed respite and room to recover from the effects of the Covid19 pandemic.


City Ordinance SP-3067, S-2021 extends the deadline for the payment of business taxes, fees, and charges without surcharges or interest from Jan. 20, 2022 (first quarter) and March 20, 2022 (second quarter) to July 20, 2022.


“As the economy gradually opens, some businesses that are heavily affected by the pandemic are still struggling on their way to recovery and we, in the city government, want to help them in as many ways as we can, and passing this tax relief ordinance is just one of them,”Mayor Joy Belmonte said.


The measure aims to provide tax relief to business owners affected by a series of lockdowns implemented during the community quarantine.
The councilors also passed City Ordinance SP-3068, S-2021, which seeks to waive penalties, surcharges, and interest for unpaid business taxes for 2021 and prior years.


It will cover all businesses that have failed to pay any business tax for 2021 and prior years.


This will allow tax payers to update their business tax and liabilities without incurring any penalties, interest and surcharge.


The third measure is the City Ordinance SP-3069 S-2021 allowing staggered settlement of outstanding business taxes up to a maximum of 12 months’ installment covering the year 2021 and prior years.These ordinances are expected to be signed by Belmonte before the year ends. DALISAY NOLASCO

Photo: FB/joy.belmonte.33


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