Reward sa ‘di pasaway! Parañaque to honor top taxpayers
Parañaque Mayor Edwin Olivarez has a reward for the biggest taxpayers in his city.
Olivarez will honor the top taxpayers in his city for the year 2017 on Feb. 13 coinciding the city’s celebration of its 20th cityhood anniversary.
Topping the list of awardees are Belle Corp., the gaming and property unit of the Sy family, and its sister company SM Investment Corp.
As top realty taxpayers, Belle Corp. paid P137.5-million while SM Investment contributed P77.7 million last year, totaling P215.2 million.
“The huge developments in Entertainment City, a strip of casinos, world-class hotels, shopping and leisure destinations facing Manila Bay, significantly contributed the biggest chunk to the local government’s revenue collection for the past three years,” Olivarez said.
Solaire Resort and Casino of Bloomberry Resorts Corp. located in the Entertainment City has paid real property tax as individual taxpayer amounting to P61.5 million in 2017.
D.M. Wenceslao and Associates Inc., developer of Aseana City, joined Belle and Solaire in the top taxpayers’ list paying P59.1 million.
The top five hotel casinos in the Entertainment City were among the top real property taxpayers last year in Parañaque.