CEBU CITY, Philippines -- While waiting for the new ordinance that would provide for the revision of the Omnibus Tax Code in Cebu City, the Local Finance Committee (LFC) is gearing towards
An aerial view of Cebu City. CDN Digital photo | Brian J. Ochoa
“Naa mi mga strategies nga gipangbuhat to intensify the collection without relying sa ordinance nga gi-veto pa. So, we are hoping nga despite the veto, makuha lang gihapon nato ang atoang target collection,” she said. Meanwhile, aside from internal sources, other identified sources of funds for the city hall are National Tax Allocation of about P2.7 billion, a share from Ecozone of P3 million, and subsidies from the general fund proper of P1.4 billion.
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