Daily Star logoBusiness
Bacolod City, PhilippinesFriday, September 7, 2012
Front Page
Negros Oriental
Star Business
Police Beat
Star Life
People & Events
Classified Ads
Business groups preparing
tax code counter proposals

Business groups led by the Metro Bacolod Chamber of Commerce and Industry and the Bacolod Filipino-Chinese Chamber of Commerce and Industry are now preparing their counter proposal for the tax payments in accordance with the new tax ordinance of Bacolod City, MBCCI Frank Carbon, said yesterday.

Carbon said the city has given them two proposals that contain tax rates with rebates and those without, though he refused to reveal details of the percentage ratings.

He said they met with their members last night and had agreed that business associations like hotels and restaurants, private hospitals, and bankers’ groups have to make their own proposals, which the MBCCI will consolidate before presenting it to the city in their next hearing.

“The peculiarity of every business is different others can afford five percent or 10 percent reduction while others want more, depending on the mark-up of their businesses,” Carbon said.

He said the proposal of the city government may not be favorable to other business groups, but they have to come up with a consensus where the city and the business groups will have a fair decision.

Earlier, Bacolod Mayor Evelio Leonardia had said that he believes that the business groups understand their position and that the city is also trying to look for solutions that all parties can agree on.*LTG

back to top

ButtonBusiness groups preparing tax code counter proposals
ButtonWholesaler to open branch in Bacolod
ButtonAgriculture survey set in Neg. Occ.

Button‘BASEL 3 not only about strong capital’
Gov’t welcomes higher economic ranking’