June 15, 2014
LGUs hesitate to raise taxes
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CEBU - While some local government units in Cebu are taking measures to update their schedule of fair market values (SMVs), officials of two component cities in Cebu said they cannot do it yet because of a promise to their constituents not to increase taxes.
“Amo man nang katungod nga di mopataas (That is our right not to raise the taxes),” said City of Naga Mayor Valdemar Chiong, after the Bureau of Internal Revenue (BIR), in its latest tax watch advertisement, reminded some local government units (LGUs) to update their fair market values.
Source: Cebu | Sun.Star Online http://ift.tt/14IcC3V
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