Tax talk with city bizmen set August 14-15-A A +A
Monday, August 11, 2014
ORGANIZATION officials of some 350 small, medium and large companies based in Iloilo City will once again sit in a round table discussion and subsequent public consultation on August 14-15, 2014 on the proposed increase of real property taxes effective January 1, 2015.
City Mayor Jed Patrick Mabilog said his executive assistant on finance, former city councilor Perla Zuueta, together with other members of the finance team and city councilor Plaridel Nava of the council committee on ways and means, will meet the businessmen who earlier objected to the implementation of the proposed new schedule of zonal values of real properties in the city.
A position paper was submitted by the businessmen comprising eight business organizations here, saying the timing of increases will have serious repercussions.
The paper was signed by Juan Jose Jamora III, chairman of the Iloilo Business Club Inc., Donna Rose Ratilla, president of the Philippine Chamber of Commerce and Industry of Iloilo, Fanny Uy, president of the Iloilo Multi-Sectoral Business Organization Inc., Valerie Maravilla, president of the Ilonggo Producers Association, Ramon Cua Locsin, president of the Federation of Filipino Chamber of Commerce n Industry of Panay Inc., Felipe Uygongco, president of Filipino Chinese Chamber of Commerce Inc., Francis Chung, president of Philippine Retailers Association of Iloilo, and Herminio Maravilla, president of CREBA.
The Iloilo businessmen claimed the proposed new schedule of zonal values of real properties has a negative impact on the local investment climate, Iloilo’s accelerated growth, retention and sustainability of business enterprises.
The City Council committee on ways and means conducted a first public hearing on July 3, 2014 which resulted to an abrupt stoppage of the proceedings after a representative of the city treasurer’s office failed to answer the questions.
Mabilog said the discussion will thresh out some misunderstanding on the proposed real property tax increase. The city government is willing to present the projected expenditures and the financial standing of the city.