Perez okays 2006 tax code
Gov. Sally Z. Perez
San Jose, Antique--Gov. Sally Z. Perez has approved the Provincial Ordinance No. 2006-30, otherwise known as the 2006 Provincial Revenue Code, last December 15, 2006.
Considered a landmark legislation, the new tax code was drafted only during Perez' administration, thus amending the existing 14-year old provincial revenue code of 1992. Authored by SP Member Juanita de la Cruz, this new compilation of provincial tax ordinances and revenue measures shall immediately be effective in January 2007.
"This will guide the executive branch in its effort of raising local sources to reduce our dependence on the Internal Revenue Allotment (IRA), and to finance our priority local development projects."
Perez also asserted that the new code is very practicable on the taxpayers' ability to pay, and not contrary to the economic policy and not oppressive nor excessive to taxpayers. She also assured that the code has been properly subjected to public hearings and consultations province wide, and that it had responded well to the provincial government's social contract and obligation of promoting public interest and common good.
Regarded as the lifeblood of the government, tax power emanates from necessity and justified by its basis that taxes are meant to fulfill the government's mandate of promoting the general welfare and well-being of its citizens. Taxation has become a tool to realize social justice and the equitable distribution of wealth, economic progress and the protection of local industries and public welfare.
The new tax code is primarily targeted at reducing the province's dependence on IRA by at least 8 %, and for the minimal generation of local taxes and non-tax revenues. According to SP Member dela Cruz, the code was anchored on legal bases such as Republic Act 7160 on allowable percentage of 10% increase for rates and charges; Admin. Order No. 51, implementing R.A. 747 which classified indigents; the Philippine Health Insurance Program; R.A. 9184 or the Procurement Act; and the Mining Law/ Exploration of National Wealth. Dela Cruz also added that the code also includes some economic considerations including tax exemptions and grant discounts, average surcharges and penalties and finance prioritized local development projects.
(PIO-Antique)