Businesses in
Muntinlupa City with tax obligations have the opportunity to start anew with a
clean slate with the City Government once the proposed tax amnesty for business
establishments pushes through.
Muntinlupa
City Mayor Atty. Jaime R. Fresnedi is pushing for amnesty on penalties and
accumulated interest on real property tax (RPT) and business permits for all
City-based establishments that will last until December 31 of this year.
“We recognize
the importance of our business sector as one of our essential partners in the
City’s economic progress,” Fresnedi said recently. “We ask you, the businesses
in this City, to put your trust in us so that together, we can overcome the
challenges we now face.”
The measure
is aimed to revitalize the business sector following six years of considerable
lag in development that has seen the once-vibrant Muntinlupa economy fall
behind major players such as Bonifacio Global City in Taguig and Eastwood in
Quezon City.
Fresnedi and
the City Government are likewise faced with the challenge of overhauling an
outstanding debt of more than P1billion incurred by the previous administration
that has severely hampered the delivery of government services.
Fresnedi
believes the tax amnesty can provide business establishments much-needed relief
and provide the City the push it needs to jumpstart the economy and be
competitive once more. “We invite all business owners and firms to take this
chance to make our economy productive once again,” he added.
Fresnedi has
asked the City’s legislators to fast-track the measure so that the amnesty
could be implemented immediately. A draft resolution is now being prepared with
the Sangguniang Panlungsod and is expected to be high on its agenda when
sessions resume this Monday.
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