MANILA - The capital city earned nearly P1.5 million on Tuesday, a day after it started waiving penalties for delinquent individual and corporate taxpayers.
Some 34 individual taxpayers paid a total of P513,488, while business taxes and other fees collected by the city government on Sept. 2 amounted to P958,508, data from the Manila City Treasurer’s Office showed.
A portion of the fund will be used to build “vertical developments” where the city can house informal settlers, Moreno told reporters on the sidelines of an event in Makati City.
“Manila’s challenge is informal settlers along rivers, highways,” he said. “Instead na itapon ko sila sa probinsya (of sending them to the province), I would rather have them inside the city.”
Moreno said the vertical housing project will be built near the Delpan Sports Complex.
Funding for tourism and traffic management projects will also be sourced from taxes collected through the amnesty program, the mayor said.
Manila, through Ordinance No. 8566, implemented a tax amnesty program for individual and corporate taxpayers from August 1 to December 20, 2019.
It was enforced only last Monday because the crafting of its implementing rules and regulations took over a month, Moreno said.