Makati City extends deadline for local tax payments

Published January 22, 2019, 9:29 PM

by Dhel Nazario, Jeffrey G. Damicog, and Rey G. Panaligan

By Jel Santos

The local government of Makati City has recently extended the deadline of assessment and payment of business and realty taxes following the approval of City Ordinance No. 2019-004, the top city official announced Tuesday.

Mayor Abigail “Abby” Binay said the deadline of assessment of business permits without penalty will be on January 25. Meantime, the acceptance of payment of business and realty taxes without penalty will be until January 31 at 5 p.m. only. Before, the deadline was set on January 20.

MB File – Makati Mayor Abigail Binay. (KJ ROSALES) | Manila Bulletin
Abigail Binay (KJ ROSALES / Manila Bulletin)

“We encourage taxpayers to give priority to their tax payments and business permit renewals so they may still avail themselves of discounts and avoid incurring penalties,” she said.

According to the local government of Makati, penalties on late payments of business taxes include a 25 percent surcharge and a two percent interest per month of delay until the amount due is fully settled. Meanwhile, a 10-percent discount will be granted for full-year payments of real property tax (RPT) made until Jan. 31, 2019.

Due to the extension, Binay has permitted key offices in the City Hall to give overtime services to taxpayers until January 31.

Under the Makati Revenue Code, discounts are given to non-delinquent taxpayers, as follows: 10 percent for full year RPT payments made until January 20, and five percent discount for prompt quarterly payments (Quarter 1 until January 20; Quarter 2 until April 20; Quarter 3 until July 20; and Quarter 4 until October 20).

Annual RPT payments made after March will incur an eight percent penalty on the first quarter, and two percent on every succeeding month. For late quarterly RPT payments (made after the last day of the quarter, i.e., March 31, June 30, September 30, December 31), an eight percent penalty will be imposed for that quarter, and two percent on every succeeding month.

For miscellaneous fees and taxes, the deadline for professional tax payments is on January 31, while the deadline for payments on Community Tax, both corporate and individual, is on February 28.