Cebu Capitol gives companies until April 15 to pay taxes

April 5, 2012 9:11 pm 

CEBU CITY, April 4 -– Cebu Provincial Treasurer Roy Salubre said the provincial government will send notices of levy to companies and individuals who have unpaid real estate taxes not later than April 15.

Those with tax delinquencies will receive a warrant of levy, 20 days after the issuance of the notice of levy, he said.

A month after issuing a warrant, Cebu Capitol will issue a notice of sale or bidding, which will be published in newspapers.

Salubre said property owners have a year from the date of the auction to pay their tax dues and avoid losing their properties.

But if no payment has been made during the period, he said, the final deed of conveyance will be issued to the one who bought the property in the public action.

He said the provincial treasurer’s office will keep the Provincial Board, Register of Deeds and other Capitol offices updated “every step of the way.”

The Capitol earlier announced it will auction assets of telecommunications and power utility firms that owe the provincial government real estate taxes.

According to the Capitol, those with tax delinquencies include the National Grid Corp. of the Philippines (NGCP), with P192 million, and the Mactan Electric Co. (Meco) with P3 million.

Globe Telecom, Digital Mobile Philippines (Sun Cellular) and Camotes Electric Company (Celco) promised to pay Capitol on or before May 15.

Globe reportedly owes Capitol P49.6 million; Digitel, P4.4 million; and Celco, P8.5 million.

Cebu Electric Cooperation 1, 2, and 3, on the other hand, asked the Capitol for an inventory of their levied assets and promised to pay.

The NGCP reserved its comment on the issue until it receives a notice from the Capitol.

Meco said it will wait for the decision of the court on the case filed by the Visayan Electric Co. (Veco) questioning the tax on poles, wires and transformers.

In 2009, Veco filed a civil complaint against the Capitol and two Consolacion councilors for imposing real estate tax on the distribution utility’s posts and transformers. In that case, Veco argued that poles, wires and transformers are not immovable assets and are, therefore, not considered real property.

Since power companies are allowed to pass on taxes to consumers, Meco pointed out that real property tax imposed by the local government would result in a power rate increase that will affect consumers. (PNA) DCT/EB/re

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