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FCF is top taxpayer in Runrono

(The Philippine Star) - May 18, 2021 - 12:00am

MANILA, Philippines — FCF Minerals Corp remitted to the municipal local government of Quezon a total of P42,640,501.66 as payment for local business tax, mayor’s permit and other regulatory fees for the first and second quarter of 2021.

The taxes remitted are just a small part of FCF’s contribution to the national coffer. As part of its social responsibility, the Australian-based company has been assisting townsfolk of Runruno, Quezon Province in Nueva Vizcaya to ride out the crippling effect of the pandemic. It has been in the thick of infrastructure development, livelihood projects and support, skills training, education – which includes compensating elementary and high school teachers and day care volunteers, health programs, as well as development assistance such as access roads, hanging bridges, drug store, community clinic and day care centers among others.

For the year 2020, a total of P350.6 million was remitted to the national and local governments. This effort of the company has been a great factor for the municipality to be recognized for their tax collection efficiency. Earlier this year, according to the data published by the Bureau of Local Government Finance in their official Facebook page (@blgfph) and website (http://blgf.gov.ph/), MLGU Quezon is Top 1, among all MLGUs  across the country, in the collection efficiency of locally sourced revenues for FY2019.

FCF has also more than P47 million allocated fund for the implementation of the 2021 Social Development and Management Program (SDMP) to the host and neighboring communities, including three municipalities; Quezon and Kasibu, Nueva Vizcaya and Diffun in Quirino.

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