Discounts:
If you pay the current year (2009) on or before March 31, 2009, you are entitled 10% discounts.
Example Tax due is 10,000 less 10%= Php 9,000 net. This is the amount you have to pay.
If you pay your 2010 tax due today
Using the above example= 10,000 less 20% or Php 2,000=Php 8000.00. This is the amount you will have to pay.
Penalties:
Using the example above-If you have Php 10,000 tax due and you fail to pay . You went to the City Treasurer on January 2, the following year. Their computation will be as follows:
Tax due for 2008 Php 10,000.00
Add-24% penalties 2,400.00
Total due Php 12,400.00
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