BAYOMBONG, Nueva Vizcaya: Officials here said the uncollected excise tax share of the province paid by two large-scale mining companies to the national government can fill the more than P300 million budget deficit gap next year.
The province is host to foreign-based OceanaGold and FCF Minerals Corp., mining firms operating under a financial or technical assistance agreement or FTAA, and which have been paying their excise taxes to the Bureau of Internal Revenue (BIR).
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