Manila tax amnesty’s 1st day take: P1.5M

September 05, 2019

THE city of Manila was able to collect P1.5 million on the first day of implementation of the tax amnesty.

This was after Manila Mayor  Isko Moreno announced the granting of  ammesty to all delinquent taxpayers in the city wherein all penalties or fines have been waived to give those in debt a chance to recover and start a clean slate.

Moreno said on the first day alone, 34 individual and corporate taxpayers availed of the tax amnesty and paid P513,488.

Another P958,508 was collected from business taxes and other fees on September 2,based on  data provided by Manila City Treasurer’s Office head Jasmin Talegon.

Moreno said part of the collected money will be spent on building vertical housing units for informal settlers.

‘Manila’s challenge is informal settlers along rivers, highways. Instead na itapon ko sila sa probinsya, I would rather have them inside the city,’ said Moreno.

Earlier on, Moreno approved Manila Ordinance No. 8566 that provides a tax amnesty program for individual and corporate taxpayers from August 1 to December 20, 2019.

Its implementation began only last September 2 since the  implementing rules and regulations had to be drafted in full.