He said the city is shortchanged by P150 thousand a month in terms of business taxes.
The city’s tax code in consonance with the Local Government Code mandates that the former can charge up to 1 percent of the gross sales of a business establishment.
“If you base tax on the computation of 10 cash register machines multiplied by P50,000 a day multiplied by 30 days and multiplied it with the 1% business tax then that would be a staggering P150 thousand a month tax fraud against a city,” he told me in whisper.
He said this happens only through the conspiracy of the store owner, the office of the mayor, and the office of the assessor.
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