Monday, 07 November 2022 08:44

CITY COUNCIL OK’D TAX RELIEF ORDINANCE

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Delinquent taxpayers in Cagayan de Oro City would heave a sigh of relief after the City Council approved an ordinance granting relief to delinquent real property and business taxpayers, stall holders in public markets and terminals, and violators of traffic rules and regulations.
 
Under City Ordinance No. 14385-2022, tax relief is granted in the form of condonation of their interests, surcharges, penalties and/or arrearages.
 
Among those who are qualified to avail the condonation include real property taxpayers, business taxpayers, stall awardees in all city-owned and city-operated markets and terminals, and traffic violators who failed to pay the fines for the year 2021 and prior years in Cagayan de Oro.
 
However, any person, company or corporation who had been a grantee of previous tax relief or condonation program of the City Government, and has continued to be delinquent in the payment of their real property and/or business taxes will be automatically disqualified from availing the tax relief or condonation.
 
According to the City Council, the grant of tax relief is an incentive and motivation for taxpayers, business permittees, stall holders and traffic violators who faced extraordinary challenges due to the pandemic.
It can be recalled that when City Mayor Rolando "Klarex" Uy took his oath of office on June 26 this year, he promised tax relief for the business sector, as well as amnesty on traffic violation fines for jeepney and motorela drivers. (JAS-CIO)