Starting next month, taxis in Cagayan de Oro will be issuing automated receipts.

The Land Transportation Franchising and Regulatory Board (LTFRB) will be monitoring compliance on receipt-issuing taximeters beginning July.

The receipt format indicates the taxicab’s plate number, name of the driver and operator, amount paid by the passenger, and date of the receipt’s issuance.

Accordingly, those caught not complying with new regulation can be fined from P1,000 to P3,000, while cancellation of franchise will be meted on operators caught for the fourth time.

With the new meter receipt scheme, problems of overcharging and contracting by some taxi drivers will be easily reported as the vehicles’ license plate will be reflected in the receipts.

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