Isko signs tax amnesty for traders, property owners

BUSINESS and property owners in Manila who owe the city government unpaid taxes now have a chance to settle their debts with the city government, minus the charges and penalties that have compounded as a result of their failure to pay their taxes on time.

Yesterday, Manila Mayor Isko Moreno signed an ordinance declaring amnesty for businessmen and property owners who owe the city in business taxes, real property taxes, regulatory fees and other service charges which have been compounded by fines and penalties.

Moreno lauded vice mayor Honey Lacuna, who is also the city council’s presiding officer and majority leader Joel Chua for the swift passage of Ordinance No. 8566 which  grants a general amnesty on all delinquent taxpayers, saying he expected it to yet be passed next month.

The ordinance, according to Lacuna, notes that a large number of taxpayers affected by economic misfortune have experienced hardships in paying their basic taxes, fees and charges as a consequence of which the unpaid impositions have incurred surcharge and interests, making it even more difficult for taxpayers to settle their obligations.

The measure, Moreno said, will give the delinquent taxpayers a chance to get back up and start anew.

He thus encouraged those with delinquencies to take advantage of the said amnesty.

Meanwhile, Moreno also signed an ordinance granting P1,000 in monthly allowance to students of good standing at the city-run Pamantasan ng Lungsod ng Maynila (PLM) and Universidad de Manila (UdM).