Transparency and accountability, coupled with good business policies makes Taguig City the successful and competitive financial district it is today—buzzing with growth and development in every corner.
Because of the local government’s commitment to develop and revitalize its business sector, it established reforms on its business policies and transactions that led to the influx of businesses that greatly contributed to the city’s progress.
Taguig City is known for its low tax rates, ease of doing business, efficient services and corruption-free policies. The city also conducts the Business One-Stop Shop (BOSS) which takes fast-tracking of procedures to the next level.####
Taguig is host to the following:
- 16 universal and commercial banks;
- 10 rural banks;
- 1,126 manufacturing firms;
- 243 restaurants;
- 13 registered batching plant;
- 2 shopping malls;
- 24 cottage industries; and 7,776 registered commercial and industrial establishments.
- Taguig City is home to 53 subdivisions, 2 public markets, 19 flea markets, 6 public memorial parks, and 5 private memorial parks.
- Taguig City’s tax rates are much lower than the other neighboring cities, making it a very competitive place for business.
Below are some comparative tax rates:
| Taguig City | Quezon City | Makati City | Pasig City | Manila City | Pasay City | |
| Manufacturer | 6,873 | 36,560 | 24,375 | 34,125 | 52,961.2 | 40,419 |
| Manufacturer (6.5m or more) |
Plus 39% of 1% Plus 25% of 1% |
Plus 50% of 1% | Plus 20% of 1% | Plus 52.5% of 1% | Plus 55% of 1% Plus S-21, 50% of 1% |
Plus 55% of 1% |
| Wholesaler | 10,500 | 15,000 | 10,000 | 14,000 | 20,075 | 16,000 |
| Wholesaler (2m or more) |
Plus 25% of 1% | Plus 60% of 1% | Plus 20% of 1% | Plus 70% of 1% | Plus 75% of 1% | Plus 82% of 1% |
| Retailer | 1.5% | 2% | ND | 2.8% | 2M=20,075 | 3.5% |
| Retailer (400,000 or more) |
Plus 1% | ND | Plus 20% of 1% | Plus 1.4% | Plus 75% of 1% | Plus 2% |
| Contractor | 12,075 | 17,250 | 11,500 | 16,100 | 22,346 | 18,975 |
| Contractor (2M or more) |
Plus 65% of 1% | ND | Plus 60% of 1% | Plus 70% of 1% | Plus 87.5% of 1% | ND |
| Bank | 8% of 1% | 25% of 1% | 15% of 1% | 75% of 1% | 30% of 1% | 75% of 1% |
| Transfer Tax | 50% of 1% | 75% of 1% | 50% of 1% | 75% of 1% | 75% of 1% | 50% of 1% |
Source: Edrigas book & Taguig’s BPLO
