City hall eyes more taxes from Del Monte, See, market lessees
Lito Rulona1 min read
By LITO RULONACorrespondent
LOCAL officials are eyeing additional revenues next year by imposing additional taxes on Del Monte Philippines Inc., and firms making use of local government properties, including the company of prominent businessman Hong See.
During the 2017 budget deliberations, city treasurer Glenn Bañez said the companies that would be asked to pay additional taxes are those that are renting the city hall-owned public markets, terminals and the slaughterhouse.
Bañez said city hall could raise P1 billion out of the additional taxes next year.
The additional taxes would be imposed on DMPI, Unitop in Carmen market, 858 in Cogon market, and the See family that is leasing the market and terminal in Lapasan. The latter is also running the city slaughterhouse in Cugman.
“Tanan taxable na, including buildings and equipment,” said Councilor Ian Mark Nacaya.
Bañez said Del Monte alone could increase local tax revenues by P96 million. Of the projected amount, some P40 million would be the share of the host barangay.
“Our share is only for their annual gross income. I already talked with the legal counsel of the DMPI regarding this,” Bañez said.
He noted that Del Monte has built more facilities in Bugo, including an additional plant.