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Delinquent businesses owe Quezon City P5B in taxes – mayor

By Nancy C. Carvajal
Philippine Daily Inquirer
First Posted 23:48:00 09/19/2010

Filed Under: Local authorities, business, State Budget & Taxes

MANILA, Philippines -- The Quezon City government recently released the list of top delinquent taxpayers in the city as part of the aggressive collection to reduce ?tax gap accounts,? a statement from the city mayor's office said.

City Mayor Herbert Bautista said the delinquent property accounts could reach more than P5 billion in uncollected taxes. This amount would be enough to finance the city's infrastructure projects.

He added that no new tax measures would have to be implemented if the P5 billion was collected.

?We must run after those delinquent real property owners immediately,? Bautista said.

Bautista has ordered the creation of a task force to run after tax evaders.

According to City Assessor's Office (CAO) chief Jose Castro, the city has a total of 118,568 delinquent accounts.

Castro confirmed the city government could generate from these accounts over P5 billion that could finance the local government's housing programs.

Castro said the city has recorded total collectibles of P10 billion.

He further disclosed that P594 million of the uncollected taxes came from the following: the Philippine Tobacco Administration, P23,963,998; La Legende Entertainment Complex, P53,815,230; International Communication Corp., P33,814,663; Swire Realty Development Corp., P17,927,575; Burgandy Realty Inc., P30,835,177;

New San Jose Builders Inc., P8,031,461; Empire East Land Holdings Inc., P34,350,052; International Communication Corp., P32,366,144; Philippine Postal Corp., P39,053,588; Shoppers Paradise, P72,907,749; JOS Managing Builder Inc., P54,055,699; Tivoli Country Club, P61,398,332; ECE Realty & Development Corp., P18,059,075;

Allied Banking Corp., P2,239,115; Misamis Oriental Land Development Corp., P16,140,886; Solid Manila Corp., P5,317,796; Engineering Equipment Inc., P15,449,760; Pascual Manuel Jr., P4,341,077; Felina Properties Inc., P3,996,855; De La Rosa Virgilio, P13,686,314; Honda Cars Makati, P8,398,372; Distilleria Limtuaco & Co., P12,474,504; Uniwide Sales Inc, P12,431,979; and 24K Properties in Tomas Morato, P7,168,227.

Based on the records of the city legal office, Bautista said cases had been filed over some of the delinquent accounts.

?Cases had been filed to some of them and we are now just waiting for the resolution,? the mayor said.



Copyright 2014 Philippine Daily Inquirer. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



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