Edge Davao 6 Issue 7

Page 1

P 15.00 • 20 PAGES

VOL.6 ISSUE 7 • SUNDAY - MONDAY, MARCH 24-25, 2013

EDGEDAVAO

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Photo courtesy of Park Inn by Radisson Location: SM Lanang Premier

DAVAO’S TOP 50 TAXPAYERS

Retail firms are best taxpayers By Greg G. Deligero

F

AST bucks, fast revenues. Retail companies such as malls are proving to be the best taxpayers in Davao City. Latest figures from the local Business Bureau showed half of local taxpayers in 2012 belongs to the retail business. Among the top 50 tax paying corporations in Davao City, retail companies paid the bulk of local taxes vital in implementing the local government’s programs and projects aimed to improve the delivery of basic social and economic services

to the people. Records of the Business Bureau showed that the top 50 paid a combined P315.84 million in taxes or 21.75% of the P1.45 billion total local tax revenues that the city collected from 32,597 business establishments registered in 2012. The retail trade, considered as one of the key economic growth drivers in Davao City, is almost half of the top 50 taxpayers ( 23 companies), sharing 40.13 percent of the total taxes paid amounting

to P126.71 million. Top retail companies include the SM Department Store and Supermarket, NCCC Supermarket, Gaisano Mall of Davao, SM Appliance Center, Davao Central Convenience Store, NCCC Department Stoe, Felcris Supermarket, Park N Shop Supermart, Davao Central Warehouse Club, Davao Citi Hardware and Ace Hardware. The retail sector is followed by utility companies which shared 26. 35 percent amounting to P83.22

FRETAIL FIRMS, 11

The Economy

Page 5

Park Inn by Radisson opens

Special Report

Page A1 4

“Palaspas”


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