business taxes

THE DAVAO City Business Bureau has registered 45,621 new and renewed establishments from January to February 2026.

Business Bureau head Maribel Paguican said business applications increased by 1,211 against the same period last year (44,410), and these were mostly from retail, trade, and services.

Davao City’s revenue also grew by 8% in terms of business taxes.

Last year, the Business Bureau registered 50,961 applications and 313,667 employees.

Paguican hopes to surpass the numbers by the end of 2026.

She added that there were 5,139 retired businesses that transferred or could not cope with the regulations, while 5,996 failed to secure permits.

Last Jan 2, 2025, the Davao City Business Bureau extended its hours to accommodate an influx of clients renewing their permits, opening on Saturdays throughout the month of January.

The bureau also launched a one-stop shop from Jan. 5 to 31, 2026, for business permit renewals from 8 am to 5 pm, Monday to Saturday.

THE CITY government recorded a 12.29% increase in revenue collection as of September 2025, the City Treasurer’s Office (CTO) reported.

In a statement, city treasurer Atty. Lawrence D. Bantiding said local revenue collection reached a total of P12,053,369,244.53.

The number is 12.29% higher compared to the same period in 2024, which was at P10,743,407,562.74.

The increase is attributed to P2,532,822,246.96 from business taxes, and P985,702,932.31 in Real Property taxes. The city’s collection from local taxes, on the other hand, reached P4,275,868,354.32.

“Our office is optimistic that the city will be able to exceed the expected revenue collection by the end of the year. Hopefully, just like the previous years, the city will also be able to surpass the target collection,” Bantiding said.

As of September 2025, the city has already reached 84.02% of its target revenue collection of P14,346,445,829.

To note, the city ranked eighth among the Top 10 cities recognized as top-performing local government units (LGUs) in terms of locally sourced revenue (LSR), with a total of P6,842.98 million in LSR for fiscal year 2024.

The Department of Finance–Bureau of Local Government Finance (DOF-BLGF) recognized Davao City in the recently released DOF-BLGF Memorandum Circular No. 017.2025.

The city reported a significantly higher LSR compared to Php 6,672.89 million in 2023.

Davao City is the only city in Mindanao to be part of the Top 10 in local source revenues, along with Quezon City, Makati City, Taguig City, Pasig City, Manila City, Parañaque City, Pasay City, Mandaluyong City from the National Capital Region, and Cebu City from Visayas.

Business Bureau records 45,621 applications in early 2026

Davao City’s revenue collection increased by 12%