CDC chief vows to push for tax break bills
CLARK FIELD, Pampanga — Clark Development Corp. (CDC) president Antonio Ng yesterday assured the 370 companies and 36,0000 in the Clark Special Economic Zone that he will continue to press Congress for to approve House Bills 4900 and 4901 which restores the tax breaks that the Supreme Court nullified.
Ng vowed he would pursue lobbying before Congress HB 4900 and 4901 seeking the retentions of tax incentives and other duty free privileges being extended to locators at Clark following the court’s decision.
Ng said the state-owned firm will “pursue with even greater vigor towards permanent solution which would be the passing of the two house bills in Congress to ease up apprehensions of the investors inside Clark Special Economic Zone. (CSEZ).”
The high court’s denial decision was received by CDC only last Friday.
Ng said that more members of the House of Representatives are supporting HB 4900 and 4901 authored by Tarlac Rep. Jesli Lapus which will serve as remedial measures to the tax and duty free impasse in Clark and other economic zone.
The bills, approved on Nov. 21 last year at the House ways and means committee, will be sponsored by Lapus in the plenary.
HB 4900 calls for the declaration of a onetime tax amnesty on tax and duty liabilities, including fines, penalties and interests incurred by locators inside special economic zones and freeports while HB 4901 calls for the amendments of the Republic Act 7227 or the Bases Conversion and Development Act.
“We are also asking the President certify the bill. This will pave the way for a smooth sailing up to the bicameral conference,” Ng said.
CDC employees joined the rest of 36,000 workers in Clark in expressing thanks to President Arroyo and legislators who have supported moves to retain tax perks inside this former military facility, Ng said.
Aside from the legislative measures, CDC will file another motion for reconsideration at the Supreme Court within the next 15 days from date of receipt.
CDC has also a pending application at the office of the Philippine Economic Zone Authority (Peza) for the inclusion of Clark locators to enjoy tax incentives and other perks located inside economic zones. Duty free stores and other commercial retailers are excluded in the Peza-accredited locators.
CDC is also securing an assurance directly from the Secretary Margarito Teves of Department of Finance for the Bureau of Internal Revenue and the Bureau of Customs to maintain the status quo in Clark. Rendy Isip, Manila Standard
Ng vowed he would pursue lobbying before Congress HB 4900 and 4901 seeking the retentions of tax incentives and other duty free privileges being extended to locators at Clark following the court’s decision.
Ng said the state-owned firm will “pursue with even greater vigor towards permanent solution which would be the passing of the two house bills in Congress to ease up apprehensions of the investors inside Clark Special Economic Zone. (CSEZ).”
The high court’s denial decision was received by CDC only last Friday.
Ng said that more members of the House of Representatives are supporting HB 4900 and 4901 authored by Tarlac Rep. Jesli Lapus which will serve as remedial measures to the tax and duty free impasse in Clark and other economic zone.
The bills, approved on Nov. 21 last year at the House ways and means committee, will be sponsored by Lapus in the plenary.
HB 4900 calls for the declaration of a onetime tax amnesty on tax and duty liabilities, including fines, penalties and interests incurred by locators inside special economic zones and freeports while HB 4901 calls for the amendments of the Republic Act 7227 or the Bases Conversion and Development Act.
“We are also asking the President certify the bill. This will pave the way for a smooth sailing up to the bicameral conference,” Ng said.
CDC employees joined the rest of 36,000 workers in Clark in expressing thanks to President Arroyo and legislators who have supported moves to retain tax perks inside this former military facility, Ng said.
Aside from the legislative measures, CDC will file another motion for reconsideration at the Supreme Court within the next 15 days from date of receipt.
CDC has also a pending application at the office of the Philippine Economic Zone Authority (Peza) for the inclusion of Clark locators to enjoy tax incentives and other perks located inside economic zones. Duty free stores and other commercial retailers are excluded in the Peza-accredited locators.
CDC is also securing an assurance directly from the Secretary Margarito Teves of Department of Finance for the Bureau of Internal Revenue and the Bureau of Customs to maintain the status quo in Clark. Rendy Isip, Manila Standard
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