To let residents and establishments in Makati City pay their taxes without penalties, the local government has extended until the end of the month the deadline for payment of business and realty taxes.
Mayor Abby Binay said on Saturday that the deadline, originally on Jan. 20, was extended to accommodate those who really intend to pay promptly.
She warned, however, that this time around, residents and businesses should not wait for the deadline to lapse.
Under City Ordinance No. 2018-001, the Jan. 20 deadline for the assessment of business permits without penalty was moved to Jan. 25.
On the other hand, the acceptance of payments for business and realty taxes was extended to Jan. 31. Cashiers will accept payments only until 5 p.m.
Residents who pay their annual real property tax in full can avail themselves of a 10-percent discount.
Those who will pay their annual real property tax after March will incur an 8-percent penalty in the first quarter, and 2 percent for every succeeding month.
For late quarterly payments, an 8-percent penalty will be imposed for that quarter and 2 percent per succeeding month.
On the other hand, a 25-percent surcharge and a 2-percent penalty per month will be imposed on late business tax payments.