Wednesday, July 13, 2011

Pangasinan guy pays P740 M tax a year

Business Czar Cesar Quimbao

BAYAMBANG- Why the Bureau of Internal Revenue based in Calasiao, Pangasinan is sad these days?
This town’s based Stradcom, the information technology arms of the Land Transportation Office of the Philippines, owned by her favorite son Nestor Quimbao has paid lately the Calasiao tax office a staggering P740 million for 2010 alone.
According to BIR regional director Arnel Guballa and Revenue District-4 Christine Cardona the large tax payers division in Manila would get this year all those revenues Stradcom used to pay the BIR’s Pangasinan office.
Quimbao told this paper that he pays last April 2011 for his last year’s tax the following amounts: Corporate Income Tax, P240 million; Quarterly Taxes, P320 million, and; Value Added Tax, P180 million or a total amount of P740 million.
He said that his home town gets a share in the 85% or P153 million share from the P180 million VAT.
Mayor Camacho, who was with Quimbao at the kicked-off  recently of the bicycle race here for this town’s 400 years anniversary, said that his town gets a windfall  of mayor’s and businesses taxes from Quimbao’s Stradcom and the mother server computer of the Land Registration Administration that are both based here.
The top honcho’s of Stradcom also owned the swanky newly opened three-storey Royal Mall that has branches in Metro Manila, too.
Quimbao chuckled when asked if he is the top tax payer in Pangasinan.
“Not in Pangasinan, siguro sa Bayambang lang,” he quipped.
Meanwhile, he said that it will be a matter of time before he collects the P1.2 billion LTO owed him.
Quimbao takes a swipe at controversial LTO’s commissioner Virginia Torres who opted to stay at the transportation office.
“Alam mo kung ikaw ay normal na ta-o, may sense of delicadeza or responsibility ka, maawa ka naman sa presidenti (President Benigno Aquino III). Kung mahal mo ang presidenti, umalis ka na diyan,” Quimbao declared as he gave his infectious chuckle again to the media men who milled him inside the Royal Mall (Mortz C. Ortigoza).

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