Board calls on NPC, PSALM to pay taxes due to Itogon-A A +A
Wednesday, August 28, 2013
THE Provincial Board of Benguet recently demanded the National Power Corporation (NPC) and Power Sector Assets and Liabilities Management (Psalm) to pay its taxes due to the town of Itogon.
On August 27, the board passed a resolution supporting the resolution of the Itogon council calling the attention of the companies to settle its taxes with the municipality. The committee on ways and means chairman Robert Namoro said the town's resolution has merit, which needs action.
Itogon Mayor Victorio Palangdan sent a demand letter to the companies on July 22 urging the NPC and Psalm to settle its accumulated national wealth tax (NWT) of P32,477,667.80 from 2011 up to the first semester of 2013. The tax came from the utilization of the water resources of the town in San Roque Multipurpose Hydroelectric Plant.
Apart from this, the town local chief executive also demanded for the payment of the unpaid NWT of Barangays Ampucao (P18,170,712.40) and Dalupirip (P10,868,761.96). These taxes are from 2011 to 2013.
Palangdan said the nonpayment of the NWT brought negative impact to the delivery of basic services and facilities to the town. It also hampered implementation of development projects, programs, and activities which are based on this particular projected income of the municipality.
One of Psalm's missions is to administer the universal charge to lower electricity rates for the Filipino consumers.
Psalm is also tasked to help transform the power industry into a competitive, market-driven sector and to handle the ownership, manage, privatize and dispose of all existing generation assets, liabilities, real estate and other disposable resources of NPC that include contracts with independent power producers the state-owned power firm tapped in the 1990s.
Published in the Sun.Star Baguio newspaper on August 29, 2013.