Parañaque city collected more than P1.34 billion in business taxes and fees in 2014, exceeding the P1.041 billion the previous year, which was an eight-year high, the city’s Business Permits and Licensing Office (BPLO) said on Friday.
BPLO chief Melanie Malaya attributed the robust hike in collections to a campaign waged by Mayor Edwin Olivarez dubbed as “Invest in Paranaque.”
The number of businesses that registered or renewed their licenses in 20124 totaled 19,477, which was an increase of 14 percent from the 17,086 firms that were issued business permits in 2013, Malaya said.
To push the campaign, BPLO worked with local business groups, various barangays, and homeowner’s associations in encouraging business owners to register at City Hall.
Of the number of firms that registered in 2014, a big majority or 17,122 businesses were renewals, and 2,325 were start-ups.
Malaya said the increasing number of businesses in Parañaque reflected investor confidence in the city, which was adjudged the country’s Most Competitive City in terms of economic dynamism for 2014 by the National Competitiveness Council, Department of Trade and Industry, and the USAID.
Mayor Edwin Olivarez said it was the second year in a row that the city broke the P1 billion mark in business tax collection, the highest in terms of value and annual percentage increase.
“This is a clear affirmation of the soundness of our policy. We don’t need new taxes in Paranaque,” Olivarez said.
Instead of introducing new taxes, the mayor called for more efficient tax collection to sustain and improve the city’s financial position.”This allows us to deliver basic social and infrastructure services to the people of Parañaque,” he said.
Olivarez said he was confident that the new policies they have implemented—streamlining the procedures in the payment of fees and taxes and the reduction in the number of steps needed to secure business permits—would sustain the increasing tax collections in the coming years.