Economy · August 4, 2022

The DOF unit celebrates QC as the best revenue collector in 2021

The Belmonte administration’s strong commitment to good governance remained the most important driver of Quezon City’s success in terms of tax collection, according to City Treasurer Edgar T. Villanueva.

“Our citizens have seen significant improvements in the way they transact with the city. In various ways they expressed their satisfaction with the quality of the programs and services made available to them. They are confident that their hard-earned money will translate into efficient public services for all, “Villanueva said in a statement.

In a note published by the Department of Finance-Bureau of Local Government Finance (DOF-BLGF), the city was again named the best-performing city in the nation in terms of generating local revenue after raising £ 22.9 billion. in taxes last year.

The Quezon City government has also been cited as a hall of fame in the special category “Local Revenue Generation Hall of Fame” after consistently ranking first in tax collection among cities nationwide from 2018 to 2020.

The city’s tax income came from real estate tax, business tax, and other taxes, such as entertainment, relocation, and contractors, among others.

According to Villanueva, the city’s streamlining efforts, which include the use of online services and the establishment of satellite offices for paying taxes, have helped ease the processes and encouraged more entrepreneurs to pay their dues.

The mayor’s decision to allow a staggered payment scheme for under-reported and undeclared corporate taxes instead of heavy penalties also encouraged businessmen to fulfill their obligations, Villanueva added.

“We are honored to share this milestone with every QCitizen. Thanks to your continued trust and support in our administration, we have been able to increase our annual local revenue by over £ 10 billion since taking office, “said Mayor Maria Josefina Tanya” Joy “G. Belmonte in the declaration.