QC lists best tax sources

Quezon City, with all its sprawling open spaces, surprisingly draws its biggest source of business tax from the manufacturing industry.

Although the city is known chiefly as institutional, commercial and service-oriented, it can also be classified as manufacturing, as it registers high contribution to industrial productivity.

Based on the data given by City Treasurer Victor Endriga Jr., Quezon City collected almost P1.5 billion in revenues from its 72,646 business establishments as of May 31 this year.

"This shows the resiliency of Quezon City to be able to bounce back and weather whatever financial crisis that comes its way," Mayor Feliciano Belmonte Jr. said.

Based on Endriga’s report, the manufacturing industry topped the list of businesses in terms of income tax, with P422,858,104 from 7,189 manufacturers, followed by contractors (which include hotels and motels), P409,784,077; retailers (including car dealers), P354,251,640; restaurants, P135,213,549; wholesalers, P95,766,145; banks, P17,124,745; cocktail lounges, P7,553,883; sari-sari stores, P5,813,694; beauty parlors, P3,201,991; sari-sari stores with liquor and cigarettes, P3,110,077 and pawnshops, P2,582,293.