In a move to boost tourism and support artists in the city, Makati Mayor Abigail Binay announced that the Sangguniang Panlungsod has approved her request to suspend the collection of amusement taxes. This decision, made through the approval of City Ordinance 2023-269, aims to encourage investment in creative projects and foster economic growth in the tourism sector.
Under Section 3F.01 of City Ordinance 2004-025, also known as the Revised Makati Revenue Code, the city collects amusement fees for various performances and the use of public entertainment areas. However, with the suspension of these taxes, the city seeks to promote economic sustainability and empower the creative force within Makati.
Mayor Binay expressed her vision for a Makati that buzzes with creativity and innovation, a city that fully supports the ingenuity of Filipino artists. By suspending amusement taxes, the mayor believes that Makati can become a hub for artistic expression and a destination that appreciates and nurtures local talent.
This decision aligns with the recent efforts of the Department of Trade and Industry (DTI) to promote creative industries in the Philippines. The DTI launched the project “Lungsod Lunsad: A Call for Creative Proposal Towards Building Creative Cities” under the “Philippine Creative Industries Development Act,” or Republic Act 11904. This initiative aims to develop creative cities and support the growth of the creative sector.
With the suspension of amusement taxes, Makati joins the growing list of cities that recognize the importance of the creative economy. By providing a supportive environment for artists and creative entrepreneurs, the city hopes to attract more investments and foster a vibrant arts and culture scene.
The decision to suspend amusement taxes is a testament to Makati’s commitment to promoting tourism and nurturing local talent. By removing financial barriers, the city encourages artists to showcase their work and attract visitors who appreciate the arts. This move not only benefits the artists themselves but also contributes to the overall economic growth of the tourism sector.
Tourism plays a vital role in the economic development of cities, generating revenue and creating job opportunities. By supporting the creative industry, Makati aims to enhance its appeal as a tourist destination and position itself as a city that values and celebrates artistic expression.
The suspension of amusement taxes in Makati sends a clear message to artists and creative entrepreneurs that their contributions are valued and supported. It serves as an incentive for them to pursue their passion and invest in creative projects within the city. This, in turn, creates a positive cycle of economic growth and cultural enrichment.
In conclusion, the decision to suspend amusement taxes in Makati is a significant step towards boosting tourism and supporting artists. By fostering an environment that encourages creativity and innovation, the city aims to attract investments and establish itself as a vibrant hub for the arts. This move aligns with the broader efforts of the government to promote the creative industries and develop creative cities across the Philippines.
Source: The Manila Times
