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Defensor proposes 5% tax discount for QC businesses

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Billy Begas

Anakalusugan Rep. Mike Defensor is pushing for efforts to revive the employment-generating economic activity in Quezon City by helping businesses.

Defensor proposed to grant all 74,750 enterprises operating in Quezon City a five percent discount in their local business taxes to help them re-hire their laid-off employees.

“We are counting on the discount to help businesses, especially small and medium enterprises with less than 200 workers, get back on their feet,” said Defensor in a statement.

With the discount, Defensor said the city government will be putting back a total of P625 million to the pockets of business owners, most of which are single proprietorship shops.

Registered enterprises in Quezon City paid a total of P12.5 billion in local business taxes in 2020.

“To energize household consumption spending, we will also provide P3 billion worth of direct financial aid to the jobless, informal workers, health staff, teachers, police officers, and public-sector employees,” said Defensor who has joined the mayoralty race in Quezon City with Councilor Winnie Castelo as his running mate.

Defensor said the city government should help stimulate the local economy by helping the supply side by helping industries produce more goods and services, as well as the demand side by giving extra buying power to consumers.

Aside from the P3 billion in direct financial subsidy to consumers, Defensor’s team plan to include P5 billion in incentives to businesses and P9 billion in new local infrastructure spending to provide jobs and livelihood support to low-income families