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- Cost of Doing Business in Panabo City
| Sector / Industry |
Basic Wage |
COLA |
New Minimum Wage Rate |
| Non – Agricultural |
335.00 |
5.00 |
340.00 |
| Agricultural |
330.00 |
5.00 |
335.00 |
| Retail / Service (employee not more than 10) |
335.00 |
5.00 |
340.00 |
| No. of Telecommunications |
2 |
| PLDT-PHILCOM |
| Telephone Rates |
Installation |
Monthly Rate |
| Residential |
1,200.00 |
1,402.18 |
| Commercial |
1,200.00 |
1,707.63 |
| Data Service Rates |
Speed |
Monthly Rate |
| Fiber |
50 Mbps |
3,500.00 |
|
100 Mbps |
5,000.00 |
|
200 Mbps |
6,000.00 |
|
1 Gbps |
20,000.00 |
| Telpad |
3.5 Mbps |
2,099.00 |
| PLDT |
| Installation Fee |
|
1,100.00 |
| Monthly Rate |
|
1,200.00 |
| Type |
Peso / Kw/Hr |
| Residential |
9.19 |
| Commercial |
9.36 |
| Type |
Installation Fee |
| 1/2 Residential |
2,500.00 |
| 3/4 Commercial |
2,200.00 |
| 2nd Industrial |
63,800.00 |
|
Minimum Charge |
Commodity Charge |
|
0-10 |
11-20 |
21-30 |
31-40 |
41-up |
| Residential |
194.35 |
19.60 |
20.60 |
23.35 |
26.25 |
| Commercial |
388.70 |
39.20 |
41.20 |
46.70 |
52.50 |
| Type |
High |
Low |
| Office Space |
400.00 |
250.00 |
| Mall Stall |
650.00 |
400.00 |
| Market Stall |
5.00 |
3.00 |
| Type |
1st Class |
2nd Class |
3rd Class |
| Residential |
360.00 |
300.00 |
240.00 |
| Commercial |
1,680.00 |
1,380.00 |
1,140.00 |
| Industrial |
96.00 |
84.00 |
72.00 |
|
High |
Low |
| Standard |
1,690.00 |
700.00 |
| Deluxe |
3,500.00 |
850.00 |
| Dormitory |
750.00 |
500.00 |
|
Regular |
Student / Senior / PWD |
| Tricycle |
| First 3 km. |
8.00 |
7.40 |
| Succeeding km. |
1.00 |
0.80 |
|
Panabo to Davao |
Panabo to Tagum |
| Van |
40.00 |
30.00 |
| Bus – Aircon |
50.00 |
40.00 |
| Bus – non – aircon |
40.00 |
30.00 |
|
Rates per km. |
| Long Haul Rate (GSC, Makilala) |
47.20 / km. |
| Intermediate Rate (Kapalong, Licanan, Malagos) |
47.20 / km. |
| Hustling Fee (Sasa, Buhisan) |
53.30 / km. |
| Hustling Miscellaneous (Empty vans, Additional Trips) |
47.73 / km. |
| Tax/Mandatory |
Statutory Tax Rate |
| Local |
| Business Tax |
0.05% of the asset size |
| Real Property Tax |
2% of assessed property value |
| National |
| Corporate Income Tax |
30% of taxable profit |
| Community Tax Certificate |
10,500.00 |
| Value Added Tax (VAT) |
12% value added |
| Tax of Interest |
20% of interest |
| Employer Paid-Social Security Contribution |
7.37% of gross salaries |
| Employer Paid-Philhealth |
1.375% of gross income |
| Employer Paid-Housing Development Fund |
2% of gross salary or 100 per worker |
