South Cotabato mining, quarry taxes record all-time high at P17m, up by 12.6%

South Cotabato collected nearly P17 million from January to October for mining, sand, and gravel taxes that was exceeded by around P1.25 million compared to last year’s P15.75 million of the same period.

The 10-month receipts for the Mindanaoan province reached P16,991,073.57 or a monthly average of P1,699,107.357, Head of South Cotabato Provincial Environment Management Office (Pemo) Siegfred Flaviano said.

This is a 12.6 percent increase based on 2016’s total revenues and nearly P1.7 million short from the local government’s total collection target worth P18,743,092.83.

Flaviano added they posted P2,122,570 in total taxes for October, their highest collection for 2017, and are confident they will achieve higher revenues until the end of the year.

The provincial government’s share for the 10-month period has also increased to P6,665,329.83 while their average monthly collection rose from last year’s collection of P1,561,924.40.

Taxes were collected from the provincial government’s quarry and mining sector which houses sand and gravel tax, mining tax, mining permit fee, ore transport fee, occupational mining tax, verification fee, filing fee, permit fee, projection fee, fines/penalties/surcharges, and miscellaneous fees (delivery receipts).

This is the Mindanaoan province’s highest tax figures earned since its inception in 2007, beating its previous record of P15,790,315.30 totaled in 2012 of the same period.

South Cotabato mining, quarry taxes record all-time high at P17m, up by 12.6%

South Cotabato collected nearly P17 million from January to October for mining, sand, and gravel taxes that was exceeded by around P1.25 million compared to last year’s P15.75 million of the same period.

Source: Philippine Canadian Inquirer

Photo courtesy of MICROMINE

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