DESPITE stricter movement restrictions in 2021 when the coronavirus disease (Covid-19) hit worldwide, the Davao City Government still surpassed its tax collection target by 32 percent.
Based on the data from the City Treasurer's Office (CTO), the city collected P3,434,827,366.83 in 2021, exceeding the target of P2,587,240,000.
Of the total collection in 2021, business taxes contributed the highest with a total collection of P1,983,359,957.43, followed by real property tax (basic) at P782,983,058.99, and the real property transfer tax with a total collection of P224,129,555.88.
While the city exceeds its 2021 target, this remains lower compared to 2020 with a total collection of P3,788,826,722.66, which is P353,999,355.84 higher in amount compared to 2021 collection.
Compared to 2020, the city has decreased collection in amusement tax, business tax, community tax, franchise tax, tax on printing and publication, real property transfer tax, and, tax revenue for fines and penalties.
However, the 2021 collection record shows the City Government increased collection in professional tax, real property tax (basic), special levy on idle land, tax on delivery trucks and vans, tax on sand, gravel, and other products, and other taxes (environmental tax).
The 2021 tax collection remains high despite the closures of some business establishments at the onset of the Covid-19 pandemic.
This year, the Business Bureau remains bullish based on the high number of business renewal applicants on the first week of One-Stop-Shop Business Renewal compared with the same period last year. (PR)