Home Regional News Region 2 Vizcaya pushes tax reforms for big companies

Vizcaya pushes tax reforms for big companies



BAYOMBONG, Nueva Vizcaya, March 5 (PIA) — The provincial government is updating its tax collection programs and policies including tax system payments to run after big companies operating in the province.

Rhoda Moreno, provincial treasurer, said the province’s revenue code and other local revenue issuances are meant to maximize their collection of taxes among major companies in the province such as in mining, telecommunications and power generating industries.

“Our tax code and other local revenue tax issuances are not for our own lowly taxpayers but for big companies who are doing their business in our province,” she said.

Moreno bared that the present big companies operating in the province are the Casecnan  Multi-Purpose Irrigation and Power Project (CMIPP) in Alfonso Castaneda town, OceanaGold Philippines (OGPI) in Kasibu town, FCF Minerals Corp. in Quezon town, Globe, Smart and PLDT telecommunications companies, among others.

According to Moreno, the mining towns of Kasibu and Quezon ranked first and second, respectively, in terms of Real Property Tax (RPT) collection in the country in 2017 out of 1,400 Municipal Local Government Units (MLGUs).

“The RPT collection from our big companies are also contributing much to our income. However, there are still uncollected RPTs due to legal cases filed by several companies,” she further said.

The provincial government, Moreno added is also implementing new tax policies for the extraction of sand and gravel tax among contractors which is also eyed as a major sources of the province’s income.

She said contractuals were recently hired to guard sand and gravel quarry areas and sites to ensure the compliance of extractors in paying their proper taxes.

“Before these contractors can extract, we ask them to pay first their financial obligation to the provincial government. With this, we have improved our sand and gravel tax collection which increased over the years,” Moreno said. (ALM/BME/PIA 2-Nueva Vizcaya)



Please enter your comment!
Please enter your name here

- Advertisment -


GMA programs and personalities win ALTA Media Icon Awards

Several GMA shows and personalities won awards in the 5th ALTA Media Icon Awards of the University of Perpetual Help this year. Honored were Kapuso...

Tokyo praises Yulo’s ‘outstanding’ share to PH-Japan friendship

By Joyce Ann L. Rocamora   MANILA -- Gold medalist Carlos Yulo on Thursday received a commendation from the Japanese Embassy in Manila for his historic win...

PCSO donates 45 ambulances to gov’t hospitals, health facilities

By Christopher Lloyd Caliwan   MANILA -- The Philippine Charity Sweepstakes Office (PCSO) on Thursday turned over 45 new ambulance units to various government hospitals and health...

DepEd ‘strongly condemns’ slay try on Bukidnon teacher

By Joyce Ann L. Rocamora   MANILA -- The Department of Education (DepEd) on Thursday strongly condemned the shooting of Zhydee Bitago Cabañelez, an elementary teacher at...

PH soldiers bag silver medal in UK Cambrian Patrol

By Priam Nepomuceno   MANILA -- Eight Philippine Army (PA) Scout Rangers, who participated in the United Kingdom's Exercise Cambrian Patrol 2019 (Ex CP 2019) held in...