NV to receive P2.3M tobacco tax share
The province has an unreleased share from the collections of Burley and Native Tobacco Excise Taxes for Fiscal Year 2012-2015 in the amount of P2,353,752.
Provinces producing Burley and native tobacco are entitled to “15 percent of the incremental revenue collected from the excise tax on tobacco products” as a result of higher tax rates way back in 1997.
The Sangguniang Panlalawigan (SP) requested the Department of Budget and Management (DBM) the immediate release of such share since all the documentary requirements needed for the release of fund has already been submitted to the DBM- R02 Office.
The fund will aid the province in implementing projects and will enable tobacco farmers to increase their productivity and income. Through this fair share of tobacco excise taxes, the province will be able to boost capacity in delivering basic services to communities.
The Provincial Development Council (PDC) has identified the construction of the Lawigan-Ansipsip Farm-to-Market Road as the recipient project. This project is incorporated in the 3rd Supplemental Annual Investment Program for 2018 of the province.
Lawigan and Ansipsip are adjoining barangays of Kayapa located in the most remote areas and are in dire need of improved infrastructure facilities for convenient transport of farm inputs, delivery of tobacco yields and other farm products.
Based on National Tobacco Administration records, the top growers of Burley and native tobacco are the provinces of Isabela, Pangasinan and Cagayan.
Nueva Vizcaya belongs to the smaller growers of Burley and native tobacco along with Abra, Occidental Mindoro, Tarlac, Misamis Oriental, Maguindanao and North Cotabato. #bg