Skip to content

Philippines Today

home of the Global Filipino

Menu
  • News Stories
  • Regional News
  • Business & Economy
  • Science & Technology
  • International
Menu

Mining companies paid PHP14.5-B taxes in 6 years, says MGB

Posted on May 7, 2015

BAGUIO CITY, May 7 (PNA) -– In terms of taxes, mining companies operating in the Cordillera Administrative Region (CAR) contributed more than PhP14.55 billion to the national coffers in six years, data from the Mines and Geoscience Bureau (MGB) of the Department of Environment and Natural Resources (DENR) disclosed, May 6.

According to Felizardo Gacad, head of the Mine Safety and Environment Division of the MGB-CAR, the amount is apart from the local taxes and fees paid directly to the host local government units where the mines are operating.

“Of course, not included here are the jobs generated in the community either directly needed by the company or as subsidiary employment,” Gacad said.

He said that aside from the national and local taxes, mining firms in the region also paid PhP2.93 million as royalties paid to indigenous cultural communities (ICC), where 95 percent of the region belongs to the ICCs.

Gacad explained that ICCs are entitled to 1.25 percent of the total yearly production of mining companies as royalties and the mode of payment is contained in the individual memoranda of agreement between the company and the ICC.

“It is but proper for mining companies to pay the excise taxes to the LGUs concerned so these LGUs can directly and immediately feel what mining can do for their areas,” Gacad said.

“The good thing about this,” he expounded, “is that the government was awakened to the fact that the host communities need these monies to make them more accommodating to mining activities in their localities.”

One such measure included in the 1995 Philippine Mining Act is the Social Development and Management Program (SMDP) which allots 1.5 percent of the yearly operating cost of mining firms for local development projects identified by the host LGU and with community leaders together with the officials of the mine company.

In the Cordillera region alone, the SDMP fund amounted to PhP51 million in 2012, PhP90 million in 2013, PhP96 million in 2014, and PhP236 million project for this year.

“This is a total of PhP595 million which will be used to develop the host communities’ local infrastructure or human development projects,” Gacad explained.

He clarified that the amount given to communities are not given in cash by the company but these projects are funded from SMDP amount.

Projects which can be funded from the SDMP are construction of farm-to-market roads, construction of school buildings, scholarships to deserving students and livelihood projects to improve the lives of residents of the communities where the mining company operates. (PNA)

Share this:

  • Facebook
  • Twitter
  • LinkedIn
  • Pinterest
  • More
  • Tumblr
  • Reddit

Related

News Categories

  • Announcement (34)
  • Business & Economy (1,567)
  • Comment and Opinion (74)
    • Random Thoughts (18)
  • Current Issues (425)
    • Charter Change (1)
    • Election (228)
    • Population (6)
  • International (389)
  • Life In Japan (66)
    • Everything Japan (41)
  • Literary (34)
  • Miscellaneous (610)
  • News Stories (5,312)
  • OFW Corner (297)
  • Others (75)
  • People (408)
  • Press Releases (163)
  • Regional News (3,362)
  • Science and Technology (502)
  • Sports & Entertainment (287)

Latest News

  • BSP keeps policy rates anew December 17, 2015
  • NEDA cuts PHL additional rice import for 2016 by 25% December 17, 2015
  • DA cites serious implications of banning genetically modified products December 17, 2015
  • BBL is not yet dead – Drilon December 17, 2015
  • Comelec recognizes Duterte’s CoC for president December 17, 2015
  • NEDA chief sees 2015 growth at 6% despite typhoons December 17, 2015
  • House of Representatives ratifies bicam report on P3.002-T national budget for 2016 December 17, 2015
  • Cebu-based developer invests PHP430M to build 709 townhouse units in north Cebu town December 17, 2015
  • City gov’t eyes P75-M income from economic enterprise December 17, 2015
  • Baguio City LGU presents traffic plan for holiday season December 17, 2015

Archives

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Science and Technology

  • DOST-ICTO targets 500,000 web-based workers from countryside by 2016
  • (Feature) STARBOOKS: A ‘makeover’ for librarians
  • Science, research reduce ‘cocolisap’ hotspot areas in PHL
  • Montejo to further improve PAGASA and empower scientists
  • 1st PPP in biomedical research produces knee replacement system fit for Asians

Press Releases

  • Microsoft to buy Nokia’s mobile devices business for 5.44-B euros
  • New World Bank climate change report should spur SEA and world leaders into action: Greenpeace
  • Save the Philippine Seas before it’s too late — Greenpeace
  • Palanca Awards’ last call for entries
  • Philippines joins the global call for Arctic protection

Comment and Opinion

  • Remembering the dead is a celebration of life
  • Killer earthquake unlikely to hit Panay Island in near future – analyst
  • It’s not just more fun to invest in the Philippines, it is also profitable, says President Aquino
  • How does one differentiate a tamaraw from a carabao?
  • Fun is not just about the place, it is also about the people, says DOT chief

OFW Corner

  • Ebola infection risk low in Croatia
  • Death toll rises to 41, over 100 still missing in landslide in India
  • Asbestos use in construction a labor hazard
  • 500,000 OFWs to benefit POEA on-line transactions — Baldoz
  • 25 distressed OFWs return home from Riyadh
©2025 Philippines Today | Design: Newspaperly WordPress Theme