CAGAYAN de Oro City Government has collected over P1.2 billion business taxes from January to November 2016, as shown by the records from the City Treasurer's Office.

According to City Treasurer Glenn Bañez, the income came from the business taxes which amounted to P757 million, real property taxes collected worth P163.8 million, fees and other charges are at P163 million, from the income of the economic enterprise worth P72 million, other local taxes worth P65 million, and other income collected which amounted to P765,000.

Bañez said he is positive the figure would still increase, especially the month of December is not yet included in the calculation.

Since City Mayor Oscar Moreno assumed office in 2013, about P730 million business taxes were collected by the City Government, which spiked in 2014 and 2015, with a total of P950 million and P1.086 billion total tax collection, respectively.

Bañez said the city is optimistic that the tax collection would increase, particularly this year, with the establishment of new businesses.

For Moreno, he said the increasing trend of the tax collection should be attributed to the collection reforms implemented in the treasurer's office like the new online tax payment system which will kick off this month.

With the new system, going to the treasurer's office would now just be an option.

Taxpayers will be able to log on to cagayandeoro.gov.ph and pay business permits and real property taxes, traffic citations, market stall rentals, sales taxes, transfer taxes, business permit orders of payment, and even city building fees.

Aside from paying taxes online, residents can also register or renew business permits online.

Moreno vowed to improve tax collection so as to improve the delivery of basic services but he clarified that improving tax collection does not mean higher taxes this year.