SBMA releases P203-M revenue share to LGUs

By Mahatma Randy V. Datu

Aug 20, 2023 12:13 am

SUBIC BAY FREEPORT: Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Jonathan Tan renewed his agency's partnership with the chief executives of eight local government units adjacent to the free port as he turned over LGUs' share of the SBMA's revenue on Friday.

LGU shares are derived from 2 percent of the 5-percent corporate taxes paid by Subic Bay Freeport-registered enterprises from January to June 2023, which amounted to P207.65 million.

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