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PIA Press Release
Wednesday, January 11, 2012

 

Quirino province implements new revenue code

by Thelma C. Bicarme

CABARROGUIS, Quirino, Jan.11 (PIA) -- With the amendments of the decade-old provincial tax ordinance or the revenue code, an increase in the existing rates and charges of some facilities and services will be implemented in the province starting this year. This new revenue code aims to generate more income for the implementation of priority projects geared towards better service delivery for the residents.

Board member Pedro Madarang said the old revenue code was enacted ten years ago and it is high time to amend some of its provisions to cope with the changes and developments.

Based on Ordinance no. 3, series of 2011 which was approved by the provincial board on December 22, 2011, the tax on gravel, sand and other quarry resources will increase. From the existing 8.5 percent of the fair market value of P200 per cubic meter (a total amount of P20 per cubic meter) shall increase to 10 percent.

On the imposition of governor’s permit fees, the province shall levy an annual fixed tax of P2,000 for the issuance of governor’s permit for the conduct of the following business or activity: printing and publication; business franchise; gravel, sand and other quarry resources; amusement and delivery trucks, vans or any other mode of delivery.

Likewise, contractors as defined under Section 13 (h) of RA 7160; specialty contractors under applicable laws; general merchandise suppliers; agricultural input and services supplier and dealers shall also be required to pay P2,000 for their governor’s permits.

The new fees and charges on quarry resources shall be P1,000 for annual filing processing and P5,000 for verification fee.

For accreditation fees, the following new rates shall be imposed: contractor (straight contract) shall pay P9,000 for materials and labor; supplier (materials only), P6,500; general merchandise, P4,000 for 1-3 product lines; P5,000 for 4 or more product lines; P3,000 for other supplies and allied services; P3,000 for contractor/supplier (labor only) and P5,000 for contractor/supplier (equipment only).

All municipalities were furnished with copies of the said ordinance and some copies are also posted in conspicuous places within the capitol compound and all municipal halls. (TCB/PIA 2)

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