Mining firms in Homonhon told to pay realty taxes

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Mining firms in Homonhon told to pay realty taxes
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The provincial government of Eastern Samar is asking payment from four mining companies on Homonhon Island off Guiuan town for unpaid real property taxes amounting to P133 million.| joeygabietaINQ /PDI

Emir Mineral Resources Corp. also has yet to pay P12.14 million in taxes from 2017 to 2022, while Mt. Sinai Mining Exploration and Development Corp. had an unpaid tax obligation of P2.58 million in 2013.

Cambayas Mining Corp. was granted mining permits by the government in 2009; Techiron Resources Inc. in 2015; and Emir Mineral Resources Corp. and Mt. Sinai Mining Exploration and Development Corp. in 2010. “These taxes on extracted minerals are different from taxes on machineries and equipment being used by mining companies. The province is still in the process of determining the assessed value of their tax liabilities on their machineries and equipment,” Evardone said in an interview on Monday.

The Diocese of Borongan has been spearheading campaigns to preserve and protect the island’s remaining biodiversity.

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