Tax team set to propose Tax Code amendments
The Davao City Tax Research and Action Team (TRACT) is now set to propose amendments to the local tax code with the aim of improving the city’s revenue generation measures.
Lawyer Tristan Dwight Domingo, Davao City Assistant City Administrator, said the Local Government Code of 1991 has authorized local government units to make adjustments on taxes.
The tax team was created by Mayor Inday Sara Duterte to conduct “massive tax campaign, monitor the operations and activities of all who are doing business in the city, and take necessary and appropriate action against erring business firms to require them to pay their taxes, fees and charges in the City of Davao.”
The local tax reform is already long overdue, Domingo said.
But the implementation of tax reform may take a little while since the amendments need the approval of the City Council.
The team is currently in the process of acquiring and consolidating data and statistics from government offices, business groups, importers and exporters, transnational companies, franchise holders, contractors, amusement places and others.
The team will also recommend to the City Treasurer’s Office the examination of the books of accounts of tax laws and ordinance violators. CIO