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PIA Press Release
2010/02/08

NVizcaya surpasses 2009 tax goal

by Ben Moses Ebreo

Bayombong, Nueva Vizcaya (February 8) -- The provincial government here has succeeded in achieving its tax target collections last year, a report from the Provincial Treasurer's Office (PTO) bared.

On required business taxes, the province generated an actual collection of P55,872,493.24 compared from its P56,800,000 annual target, posting a 98.37 percent of collection; fees and charges raked P33,093,710.88 compared to their annual target of P35,400,000 or registering a 93.49 percent collection while economic enterprises managed and operated by the provincial government generated P95,349,696.99 compared to their annual target of P93,990,000, thus showing a 101.45 percent collection. "Our report still lack the collection of the municipality of Quezon which will eventually help in surpassing our tax goals for 2009," said Rhoda Moreno, assistant provincial treasurer.

Business taxes compose of amusement tax, business, professional tax, tax on delivery vans and real property taxes. Fess and charges are secretary fees, governor's permit fees and tax declaration of properties. Economic enterprises in the province are the Nueva Vizcaya Provincial Hospital (NVPH), Provincial Waterworks System Office (PWSO), Provincial Health Office (PHO) and rentals of provincial government facilities and equipments such as heavy equipments, the Ammungan Hall and tents, among others.

On basic real property tax and Special Education Fund (SEF), the provincial government generated a windfall of P855,450,783.56 with a collection efficiency of 802.49 percent.

The upsurged of tax collection by the provincial government was triggered by the payment of the California Energy Casecnan Water and Energy Co. (CEWEC) of its past and previous real property taxes to the province amounting to P750 million.

CECWEC operates the P700 million Casecnan Multi-Purpose Irrigation and Power Project (CMIPP) in Alfonso Castaneda town, some 200 kilometers from here.

The payment was personally handed by CECWEC project manager Raymond Cunningham to provincial officials last year headed by governor Luisa Cuaresma.

Started in 1995, the CMIPP built under Build-Operate-Transfer (BOT) scheme seeks to divert 800 million cubic meters of water from the rivers of Alfonso Castaneda to the Pantabangan Dam to irrigate 139,200 hectares of farmland in Central Luzon.

It also helps to generate 140 to 150 megawatts of power in the Luzon grid. CMIPP became fully operational in 2001. (PIA NVizcaya) [top]

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