Tagum City retains Most Business-Friendly LGU title

DAVAO DEL NORTE, Dec. 29 (PIA) -- The City of Tagum has retained its title as the Most Business-Friendly Local Government Unit (LGU) in the country after the Philippine Chamber of Commerce and Industry (PCCI) awarding ceremony during the 47th Philippine Business Conference and Expo.

In the height of the pandemic, the City Government of Tagum still manages to bag the said award despite the economic setback it has encountered by releasing ordinances boosting the confidence of the businesses in the city.

The city government has passed two major ordinances for tax relief which are City Ordinance no. 940 s. of 2020 and City Ordinance No. 978 s. of 2020, where the leasing payments in the City Economic Enterprises will be temporarily suspended.

In an interview last month, City Mayor Allan L. Rellon stated that taxpayers who paid in the first quarter received a 10% reduction, while those who paid in the second quarter and beyond the due date received no surcharges or interest.

At the height of the pandemic, it also continued to enforce its Investment Code, which provides incentives to pioneering firms, apart from tax relief regulations.

The award is conferred annually by the Philippine Chamber of Commerce and Industry for the LGU who champions boosting its economy significantly over the entire year. (PIA XI Davao del Norte/jmda/Ezri M. Coda, Jr. with reports from CIO - Tagum City)

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