Vizcaya updates tax policies to get more from big firms

Bayombong, Nueva Vizcaya—The provincial government is updating its tax collection programs and policies, including tax system payments to run after delinquent 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 those in the 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 revealed that the present big companies operating in the province are the Casecnan Multi-Purpose Irrigation and Power Project in Alfonso Castañeda town, OceanaGold Philippines in Kasibu town, FCF Minerals Corp. in Quezon town, and Globe, Smart and PLDT telecommunications subsidiaries, 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.

“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 added.

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 bared.

Topics: Nueva Vizcaya , tax policies , tax collection
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