Cebu City losing P1B a year to tax evaders
THE Cebu City Government loses at least a billion on revenues every year because of business establishments that do not pay their taxes.
Mayor Tomas Osmena earlier said there are over 10,000 establishments in the city that do not have business permits and are not paying their taxes to the city.
In his news conference yesterday, Osmena said business establishments can operate in the city even if they don't have business permits, provided they pay taxes.
Osmena said there are business owners who don't apply for a business permit because of the requirements that they need to secure from other government agencies.
He warned establishments that if they are caught operating without a business permit and do not pay taxes, they will be blacklisted.
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