Northern Mindanao continues to post high revenues-A A +A
Friday, September 27, 2013
NORTHERN Mindanao continues to post increases in both tax and customs collections this year, according to the National Economic Development Authority (Neda) in the region.
Neda-Northern Mindanao chief economic development specialist Cecilio Y. Clarete said the region posted P2.26 billion tax collections in the second quarter of 2013, surpassing by 15 percent its P1.96 billion record in the same quarter in 2012.
While the biggest increase of 30 percent was posted by Revenue District (RD) 101 in Iligan City, he said RD 98 in Cagayan de Oro City still accounted the bulk of collections in the region representing 55.3 percent of the regional total collections.
Based on the report submitted by the Bureau of Internal Revenue in the region, RD 98 posted P1.25 billion collections during the quarter followed by RD 101 with P398.79 million and RD 99 in Bukidnon with P327.48 million.
RD 100 in Ozamiz City recorded P192.72 million while RD 97 in Gingoog City posted P90.95 million tax collections during the same period.
Clarete said the positive growths showed that the programs implemented by the Bureau, particularly the run after tax evaders and “Oplan Kandado,” are paying off.
"Taxpayers are now paying religiously because they are afraid their businesses will be padlocked or case of tax avoidance will be filed against them," Clarete said.
Customs collections, on the other hand, also recorded a five percent increase during the second quarter of this year.
Clarete said the Bureau of Customs collected P1.578 billion customs duties during the period exceeding the P1.507 billion customs collections in the same quarter in 2012.
The customs collection realized during the quarter was also P223 million or 16 percent more than the P1.355 billion collection target for the quarter.
The Mindanao Container Terminal Sub Port (MCT-SP) remains to be the biggest collector of Customs duties in the region for the quarter sharing P1.351 billion or 86 percent of the total regional collections.
The collections from the MCT-SP increased by P92.108 billion have offset the 15 percent decrease in the collections from the Cagayan de Oro port and the tremendous decrease of 87 percent in the collections of the Ozamiz sub port.
Clarete said both ports are still feeling the effect of the transfer of transactions to the MCT-SP. (PR)
Published in the Sun.Star Cagayan de Oro newspaper on September 28, 2013.