GenSan earns P69M in business taxes from one-stop action center

GENERAL SANTOS CITY (MindaNews/4 Feb) – The city government here has collected some P69 million from business taxes and other related payments during the four-week operations of its one-stop action center for business renewal and registration in the city.

City Treasurer Rodilon Lacap said such collection mainly came from payments made by more than 6,200 businesses firms that renewed their licenses and several other new and additional ventures that were registered in the area as of last month.

He said this year’s collection, which were recorded from January 4 to 31, was at least P431,000 more than last year’s take that reached P68.531 million during the same period.

“We’re quite satisfied with our accomplishments so far since we were able to surpass our initial targets,” Lacap said.

The city government opened its one-stop action center at the city hall last January 4 to facilitate the renewal and registration of business licenses.

The one-stop documentation for business renewals and registrations usually runs for two weeks but the city council extended it until January 31.

As of January 31, Lacap said the one-stop action center catered to some 5,754 business license renewals, 222 reassessment of new businesses, 246 new business registrations and 63 additional business ventures or a total of 6,285.

Last year, he said they served a total of 5,838 businesses or a difference of 447 less from this year’s figures.

Lacap said the assessed value of the businesses that have registered and renewed their licenses last month reached P140.83 million or more than P7 million higher than last year’s assessment of P133.15 million.

“Our collection and assessment records showed an increase in business activities and the number of people doing business in the city,” he said.

This year, Lacap added that a number of new businesses have been set up in the city for various trading ventures, banking and financing. (Allen V. Estabillo / MindaNews)