'NVizcaya needs a share of the mining tax'

By Leander C. Domingo

Oct 22, 2022 12:13 am

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).

The Didipio mining site in Nueva Vizcaya taken in September 2022. CONTRIBUTED PHOTO

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