DRIVEN by early payments from major establishments, Mandaue City’s business tax collection soared past the P1-billion mark before January ended.

By January 28, the Business Permit and Licensing Office (BPLO) had already exceeded its target, with large companies, including malls and a brewery, leading the way.

BPLO Inspection Division Head Atty. Walter Shane Lumbre said these businesses made sure to pay on time to avoid penalties.

The city imposes a 25 percent surcharge and a 2 percent monthly interest on late payments, which can be costly for large firms.

Despite surpassing the quota, BPLO recorded only about 2,000 completed payments by January 31.

With around 16,000 active businesses in Mandaue City, thousands remain in the "for payment" category, meaning tax collections will continue to rise.

On February 3, BPLO will start releasing business permits and conducting inspections to ensure compliance.

Inspectors will check whether businesses have displayed their renewed permits and secured the required regulatory clearances.

Mandaue City has steadily increased its business tax collections over the years, from P685 million in 2017 to P1.5 billion in 2024.

With early payments already pushing this year’s collections past P1 billion, the city expects another strong financial performance.(MyTVCebu)

• Tags
• #Mandaue City
• #Business Tax Collection
• #P1-billion mark
• #Business Permit and Licensing Office
• #Atty. Walter Shane Lumbre
• #Business
• #Taxes