The Zamboanga City Hall. PNA file photoZAMBOANGA CITY: With the Covid-19 pandemic affecting almost all sectors, Zamboanga City Mayor Maria Isabelle Salazar said she is considering granting a three-year tax holiday on idle lands and another two years tax reprieve for auxiliary services groups or companies. Salazar said she will seek the support of the City Council to grant the tax reprieves. The mayor, who chairs the local task force on Covid-19, said the economic stimulus package includes tax incentives, discounts and reprieve, among others. Pump priming is the action taken to stimulate an economy, usually during a recessionary period, through government spending and interest rate and tax reductions.

Source: Manila Times September 28, 2021 16:52 UTC