Showing posts with label Taxes and Licenses. Show all posts
Showing posts with label Taxes and Licenses. Show all posts

Sunday, April 3, 2011

BIR exec lauds Bataan folks




BALANGA CITY, April 3 (PIA) - Bataan folks are really tax conscious people. They know their tax obligations and pay them promptly without much hassle.

This was how newly-designated Revenue District Officer Roberto S. Bucoy described Bataan people in so far as paying taxes to the government is concerned.

Bucoy said that Bataan is a booming province and its economy is stable what with ever growing number of business establishments in the province more particularly in Balanga City.

The BIR official who just came from his previous assignment in Zamboanga city says that Bataan is one of the two provinces in Central Luzon that is dubbed as most outstanding in so far as tax compliance is concerned. The other province is Tarlac.

Business analysts and experts say this is largely attributed to the adoption by the provincial government of several economic policies best applicable in this part of the region. Moreover, there’s this phenomenal rise in business and investment confidence in Balanga City with its wide ranging economic reforms that appeared to have a domino effect on other neighboring municipalities.

Credit is also due to the local chief executives of these municipalities for their own strategic initiatives to steer the local economy thru the bearish years, according to some people in the know.

“Bataan is already a billionaire province, in fact this year's collection goal is more than P1 billion and we are confident this target would be realized soon," asserted Bucoy.

Just last March, the BIR Bataan launched a massive tax collection campaign through a parade from the city's Plaza Mayor de Balanga all the way to provincial capitol where a tax drive's slogan making contest was conducted among college students from the province's colleges and universities. (Balanga CIO/wlb/PIA3)



Source:http://www.pia.gov.ph/?m=7&r=&id=25701


Saturday, March 5, 2011

Cost of Doing Business




Minimum Daily Wage Rates
Non-Agriculture:

Establishment with total assets P30M or above P 278.00
Establishment with less than P30M assets P 270.50

Agriculture:

Plantation P 248.00
Non-Plantation P 232.00
Private Hospitals:20 or more bed-capacity P 269.00
Less than 20 bed-capacity P 254.00


Retail/Service:


With 16 or more employees P 267.00
With less than 16 employees P 253.00
Cottage Industry/Handicraft P 232.00

Schedule of Market Value

Residential - P400.00-P800.00 / sq.m.
Commercial – P650.00-P1,800.00 /sq.m.
Industrial – P250.00-P400.00 /sq.m.
Agricultural (per hectare):
Fishpond – P250,000.00-P350,000.00
Irrigated Riceland – P150,000.00-P250,000.00
Livestock – P250,000.00-P350,000.00
Un-irrigated Riceland – P100,000.00-P150,000.00
Upland Riceland – P70,000.00-P150,000.00

Taxes and Licenses

a. Realty Tax

Commercial (Special Class) - P 8,000.00/sq.m.
(1st Class-3rd Class) - P 2,500.00 – P4,000.00/sq.m.
Residential (1st Class-3rd Class) - P 350.00 – P 3,000.00/sq.m.
Agricultural - 30% of Assessed Value
Irrigated Riceland - 15% of Assessed Value


b. Buildings
Value Residential Commercial
P 175,000 and below Exempted Exempted
P 175,001 - 300,000 10% 30%
300,001 - 500,000 20% 35%
500,001 - 750,000 25% 40%
750,001 - 1.0 M 30% 50%
1,000,001 - 2.0 M 35% 60%
2,000,001 - 5.0 M 40% 70%
5,000,001 - 10.0 M 50% 75%
10.0M and above 50% 80%

c. Transportation

Destination

Bus Company Fare ( Aircon)
Mariveles- Manila Bataan Transit P 205.00
Mariveles- Manila / Pasay City Genesis Bus Lines 205.00 205.00

d. Telecommunication
Charges PLDT DIGITEL
Installation

-Commercial-

Subscriber Investment Plan

Service Connection Charge

12% EVAT


P 3,486.96

2,000.00

1,327.64

159.32


2,062.79

-Residential-

Subscriber Investment Plan

Service Connection Charge

12% EVAT

P 2,002.60

1,000.00

895.18

107.42

1,168.52
Other Regular Charges
-Commercial
Monthly Rental

Monthly extension

Call Banning

Call Waiting


1,026.94

270.41

100.00

50.00


956.36

- Residential

Monthly Rental

Monthly extension

Call Banning

Call Waiting


624.40

187.03

100.00

50.00


617.79

e. Accomodations
Hotel Type Rate
Hilltop Mansion Single Bed P 1,500 per night

Twin 1,800 per night

Family 2,600 per night
Elison Hotel Single bed 850 per night

Twin bed 1,200 per night

Family 2,500 per night
Crown Royale Single Bed 1,600 per night

Twin 2,300 per night

Family 3,000 per night
La Vista Single Bed (Cottage) 1,600 per night

Twin Bed 1,400 per night

Family 2,000 per night
Raven Resort Single 1,000 per night

Twin 1,200 per night

Family 1,500 per night

f. Utilities
1. Power Rates
Consumer Classification Approved Basic Rate
Residential P 8.3297
Commercial 8.2258
Industrial 7.8334
Irrigation 8.2128
Public Buildings 7.9111
Street Lights 8.0916

2. Water Rates
Classification Size 0-10 cu. m 11-20 21-30 31-40 41 up
Residential/Government ½ ¾ 1 98.00 141.20 256.40 11.40 11.40 11.40 12.15 12.15 12.15 13.15 13.15 13.15 14.40 14.40 14.40
Commercial/Industrial A ½ ¾ 1 145.50 195.30 368.10 16.25 16.25 16.25 17.40 17.40 17.40 18.90 18.90 18.90 20.75 20.75 20.75
Commercial/Industrial B ½ ¾ 1 1 ½ 2 193.00 279.40 509.80 1,105.00 2,569.00 19.15 19.15 19.15 19.15 19.15 20.65 20.65 20.65 20.65 20.65 22.65 22.65 22.65 22.65 22.65 25.15 25.15 25.15 22.65 22.65





Related Links;



Bataan Provincial Investment Promotion Plan (2008-2010)
Strategic Location of the Province
Proximity & Accessibility
Water & Power Utilities
Agricultural Produce
Investment Areas
Investment Priority Areas
Investment Incentives

 
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