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→4 Zambales towns, other LGUs gets P65.6M in revenue shares for 1st sem
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==Zambales, Bataan get P65.6-m shares== | |||
*Source: http://www.mb.com.ph/articles/332372/cavite-gov-says-bonuses-assured | |||
*Sunday, August 28, 2011 | |||
:by Jonas Reyes | |||
SUBIC BAY FREEPORT — A city and some towns in Zambales and Bataan that are contiguous and affected by the Subic Bay Metropolitan Authority (SBMA) were given their share of P65.6 million worth of revenues for the first half of the year. | |||
SBMA Administrator Armand C. Arreza said the collection of the shares for the local government units (LGUs) came from the new tax collection scheme that was implemented on August last year. | |||
The tax collection scheme allows SBMA, aside from the Bureau of Internal Revenue (BIR) to directly collect two percent of the corporate tax paid by business firms inside this premier Freeport. | |||
“This is the second time that we have facilitated the immediate release of revenue share to the adjacent LGUs,” Arreza noted. | |||