ILOILO City – Various business groups and key sectors across Iloilo City have expressed strong support and gratitude for Mayor Raisa Treñas’ move to extend the implementation of the 40 percent reduction in real property tax (RPT) until 2028.
Among those that welcomed the initiative are the Philippine Chamber of Commerce and Industry (PCCI) – Iloilo, Iloilo Business Club (IBC), Panay Energy Development Corporation, Filipino-Chinese Chamber of Commerce of Iloilo City (FCCCI), Iloilo Hotel Restaurants and Resorts Association (IHRRA), Iloilo Local Economic Development Foundation (ILEDF), Megaworld Corporation, SM, the Liga ng mga Barangay – Iloilo City, and various market vendor associations.
Mayor Treñas had earlier endorsed to the City Council a proposed ordinance seeking to amend previous tax ordinances (Nos. 2023-226 and 2024-235) to facilitate the extension of the RPT discount until 2028.
“This is our response to the clamor of taxpayers and the business sector,” Treñas said.
“I trust the City Council will give due consideration to this proposal, as it will provide some financial relief to our constituents who continue to fulfill their tax obligations,” she added.
In a statement signed by PCCI-Iloilo president Engr. Fulbert Woo, the group called on the City Council, under the leadership of Vice Mayor Lady Julie Grace Baronda, to consider the ordinance favorably.
“PCCI-Iloilo recognizes the importance of aligning tax policies with economic realities. We commend Mayor Treñas-Chu for her responsive leadership and for utilizing the city’s authority under Section 192 of Republic Act No. 7160, which empowers local governments to grant tax relief when necessary. This reflects a strong commitment to fair, balanced, and people-centered governance,” the statement read.
ILEDF, through its president, Roel Z. Castro, echoed this sentiment, noting that, “Deferring the full implementation of the RPT rate allows time for economic recovery and strategic planning, benefiting both government and private sector stakeholders.”
In a signed statement of support, SM Supermalls president Steven T. Tan described the move as a “bold and visionary step toward revitalizing underutilized lands, attracting large-scale investments, and creating sustainable employment opportunities for the people of the city. It reflects responsive and forward-thinking governance that prioritizes inclusive growth and urban development.”
The market vendors’ association at Jaro Big Market also welcomed the development, stating: “This proposal is a welcome relief for small business owners and our community, making the city more investor-friendly. We believe this move opens more opportunities for business growth and community development.”
Mayor Treñas expressed her appreciation for the overwhelming support.
“Your trust fuels our continued efforts to make sound, inclusive decisions that benefit the greater good,” the mayor said./PN
