Tax relief extended anew: Fresnedi waives penalties for late payment until Dec 29
Muntinlupa Mayor Jaime Fresnedi has relaxed the collection of penalties for late payment of business taxes in a bid to help the private sector to recover from losses due to the COVID-19 pandemic.
Fresnedi recently signed City Ordinance 2020-150 waiving penalties and surcharges incurred for the non-payment of business taxes from 2nd to 4th quarter of 2020.
However, business taxes which are not paid by December 29, 2020 will be subject to penalties and interest prescribed by the local revenue code.
The Muntinlupa City Business Permits and Licensing Office has advised business taxpayers in the city to settle all outstanding balances on or before the deadline to avoid incurring penalties.
Fresnedi said as the effects of COVID-19 pandemic further intensify the hurdles being faced by the private sector, the City Government of Muntinlupa as a partner to business sector will extend its assistance by providing for tax reliefs.
The Philippine Chamber of Commerce and Industry – Muntinlupa has conferred the Sterling Growth Catalyst Award to Fresnedi in recognition of his leadership in addressing the health crisis while still boosting the sustainability of local economy last July.