Sunday, May 1, 2011

BIR says TPLEX’s land related taxes not substantial

Assistant Revenue District-6 Officer Badeth Mangaoang
Regional Director Arnel Guballa

By Mortz C. Ortigoza

URDANETA CITY - Assistant Revenue District Officer Maria Bernadette Mangaoang said that  her office has studied last year the probability of new taxes that Revenue District-6 office can derived from the lands sold to the body that operates the Tarlac-Pangasinan-La Union Express Way but opined that “hindi siya ganoon ka substantial (not too substantial) for this year “.
Tax Agency’s Regional Director Arnel Guballa agreed. He said that the effects from the Capital Gain and Sales Taxes of the 88-kilometer TPLEX vis-a-vis the lands that are sold not only to TPLEX but to other buyers would be felt by the BIR not this year but next year or the next four years.
Some observers opined that the construction that has been in operation for one year in Pangasinan would perk-up the prices of lands nearby the multi-billion of pesos super highway that stretch from Tarlac to La Union.
They said a higher cost of sold lands means a higher Capital Gain and Sales Taxes the sellers pay the BIR.
Meanwhile, a source said that the construction of the toll- gated expressway hit a snagged after the provincial government of Pangasinan asked the body that oversees TPLEX to cease and desist on its operation because it lacks Environmental Clearance Certificate.
He said that TPLEX faces also protest from farmers in Rosales, Pangasinan as they are not yet paid of their expropriated lands that were included in the express way(MIO).

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