CDO tax collection rises by 36%, highest in five years
CAGAYAN DE ORO CITY - The city government has reported a 36 percent increase in its business tax collection in December 2022, the highest in the last five years. "It can be attributed to the increase in the gross sales of businesses in the city as businesses recover from the economic slump," City Treasurer Jasmin Maagad said in a statement Thursday evening. The Office of the City Treasurer (OCT) collected in January this year a total of PHP704 million from businesses, which is PHP185 million more than the PHP519 million collected in the same period last year. Maagad noted that Mayor ...
Source: philippinetimes.com