15% gross sales tax in 2015 Tax Code: Dahino

By NITZ ARANCON
Correspondent

COUNCILOR Edna Dahino on Monday said the increase that business establishments noted in their local taxes was due to the local tax code approved by the city council in 2015.

Dahino said this even as she denied that the present city council had anything to do with the increase.

She assured that city hall would not increase local taxes this year.

Dahino, chairperson of the city council’s finance and appropriations committee, said, “Ang 18th Council karon… wala man maghimog ordinansa aron ipa-increase sa 15 percent ang tax rate ning atong syudad.”

The increase, she said, is due to a provision in the 2015 tax code that imposes a 15-percent gross sales tax ceiling.

“Kon dako imong gross sales karong tuiga unya basi sa computation sa imong halin nakaabot kini sa 15-percent ceiling, bayad ka sa 15-percent gross sales tax. Pero kon gamay ra imong halin, ang imong  bayad sa imong sales tax, igo ra pod sa pilay imong halin, dili 15 percent,” she explained.

In order to pay less, Dahino said, business establishments would need to show city hall their financial records. “Kon gusto ka nga dili  mobayad sa 15-percent gross  sales tax, imong ipakita ang imong book of accounts. Pero kon dili ka mopakita sa imong book of accounts, bayad ka sa 15-percent gross sales tax.”