SANTA ANA, Cagayan: A Cagayan Valley-based totally authorities-owned and -controlled corporation (GOCC) recently remitted P129.7 million to the National Treasury, the Bureau of Internal Revenue (BIR) said in a report.
Cagayan Economic Zone Authority (CEZA) officers stated the P129.9 million is on pinnacle of the P200 million that CEZA also remitted to the country wide treasury as the government’s dividend share for 2014.
CEZA public relations leader Joyce Marie Calimag said that most of the pinnacle 500 non-character taxpayers for taxable yr 2014, CEZA is No. 285 in phrases of the amount of remittance and No. Nine most of the GOCCs inside the pinnacle taxpayers listing.
Calimag stated the contribution to the country wide coffer is also on pinnacle of masses of thousands and thousands of pesos in taxes paid through CEZA locators, and other earnings generated by different government corporations thru CEZA-related operations.
CEZA is the best non-person taxpayer within the Revenue District Office No. Thirteen of the provinces of Cagayan and Batanes in the top 500 listing.
“Again, this tells a lot about CEZA’s high quality performance and importance as a government entity and we're in order that glad of this high-quality milestone,” Calimag stated.
CEZA remitted P88 million to the national government in 2006-2012, and P100 million in 2013. In 2012, CEZA was a few of the pinnacle forty GOCCs that remitted coins to the government which has 158 active public groups.
CEZA Administrator Jose Mari Ponce said CEZA pays the 30-percentage corporate income tax to the BIR while 50-percentage of its internet profits is remitted to the National Treasury as dividends.
“In line with Republic Act 7656, a GOCC is required to declare and remit at the least 50 percentage of their annual net income as coins, inventory or property dividends to the National Government,” Ponce said.
“CEZA is now taken into consideration as the catalyst for increase and monetary development in Northern Philippines, particularly the Cagayan Valley location,” Ponce said.
CEZA turned into created underneath Republic Act 7922 or the Cagayan Special Economic Zone Act of 1995, signed via then President Fidel V. Ramos to manage and supervise the development of the 54,118-hectare Cagayan Special Economic Zone and Freeport in this metropolis. The zone consists of the islands of Fuga, Barit and Mabbag in Aparri metropolis.
Cagayan Economic Zone Authority (CEZA) officers stated the P129.9 million is on pinnacle of the P200 million that CEZA also remitted to the country wide treasury as the government’s dividend share for 2014.
CEZA public relations leader Joyce Marie Calimag said that most of the pinnacle 500 non-character taxpayers for taxable yr 2014, CEZA is No. 285 in phrases of the amount of remittance and No. Nine most of the GOCCs inside the pinnacle taxpayers listing.
Calimag stated the contribution to the country wide coffer is also on pinnacle of masses of thousands and thousands of pesos in taxes paid through CEZA locators, and other earnings generated by different government corporations thru CEZA-related operations.
CEZA is the best non-person taxpayer within the Revenue District Office No. Thirteen of the provinces of Cagayan and Batanes in the top 500 listing.
“Again, this tells a lot about CEZA’s high quality performance and importance as a government entity and we're in order that glad of this high-quality milestone,” Calimag stated.
CEZA remitted P88 million to the national government in 2006-2012, and P100 million in 2013. In 2012, CEZA was a few of the pinnacle forty GOCCs that remitted coins to the government which has 158 active public groups.
CEZA Administrator Jose Mari Ponce said CEZA pays the 30-percentage corporate income tax to the BIR while 50-percentage of its internet profits is remitted to the National Treasury as dividends.
“In line with Republic Act 7656, a GOCC is required to declare and remit at the least 50 percentage of their annual net income as coins, inventory or property dividends to the National Government,” Ponce said.
“CEZA is now taken into consideration as the catalyst for increase and monetary development in Northern Philippines, particularly the Cagayan Valley location,” Ponce said.
CEZA turned into created underneath Republic Act 7922 or the Cagayan Special Economic Zone Act of 1995, signed via then President Fidel V. Ramos to manage and supervise the development of the 54,118-hectare Cagayan Special Economic Zone and Freeport in this metropolis. The zone consists of the islands of Fuga, Barit and Mabbag in Aparri metropolis.
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