BY DOMINIQUE GABRIEL BAÑAGA
BACOLOD City – Local government units of the municipality of Toboso and Cadiz City in Negros Occidental granted local businesses tax breaks this December.
Toboso mayor Richard Jaojoco issued Executive Order O31 waiving rental fees at the town’s public market from Dec. 17 to 31.
“There is a need to help local businesses to recover from the impact of the coronavirus pandemic,” the mayor said.
Toboso is a third class municipality that relies mostly on its Internal Revenue Allotment.
Meanwhile, the Sanggunian Panlungsod of Cadiz City passed Ordinance 08-2020 granting tax relief to delinquent real property and business taxes.
The ordinance also granted the City Treasurer’s Office an authority to enter into a compromise agreement with taxpayers concerning delinquent real property and business taxes.
Under the ordinance, delinquencies in real properties and business taxes due as of February this year may be paid in installments “without interests, surcharges and penalties.”
However, 30 percent of the delinquency “shall be paid on the signing of the Compromise Agreement,” the ordinance said./PN
