Fongwan backs Philex collection-A A +A
Thursday, March 13, 2014
LA TRINIDAD, Benguet -- Governor Nestor Fongwan is backing highland towns in their quest to collect billion of pesos in business taxes from Philex Mining Corporation.
"Dapat lang mag bayad ang [Philex]," the governor said.
Itogon and Tuba towns have requested the mining corporation to pay business taxes due to them since 2002, now allegedly amounting to over P2.2 billion.
Both towns lament Philex Mining Corporation allegedly hasn't paid its business taxes for years 2002 to 2011 by reason of jurisdictional issues considering there exists a boundary dispute between the two municipalities.
Unsettled taxes from the Mining Corporation now amount to over P2.2 billion as per joint assessment made by the respective Municipal Treasures of Itogon and Tuba.
Fongwan said both towns have resolved boundary disputes, agreeing, proceeds to be derived from the business taxes of Philex will be divided equally by and among them.
The agreement authorizes their respective municipal mayors through their treasurers to issue Philex Mining Corporation a joint tax data and assessment form including demand letters if so required in the course of collection.
Fongwan said the boundary dispute has been settled by the towns giving the go signal for taxes to be paid.
Previously, provincial board members also backed the moves of both Tuba and Itogon to collect from Philex.
Philex, however, stands firm on its decision to wait for boundary dispute settlements before payments citing the settlement of the boundary dispute between Itogon and Tuba, a valid and legitimate tax measure imposition and a valid and legitimate tax assessment.
Published in the Sun.Star Baguio newspaper on March 14, 2014.