Philex pays P15M in taxes for 2018 to host towns Tuba, Itogon

Mar 3, 2018

TUBA, BENGUET – Being a responsible and conscientious miner, Philex Mining Corp. has paid almost P15 million in local business taxes for 2018 to the municipalities of Tuba and Itogon.
Tuba and Itogon host Padcal mine, the company’s gold-and-copper operations in this province.
Roselyn Dahilan, finance group manager at Padcal mine, said the timely tax payments empower the host and neighboring communities to shape their own future. “With our up-to-date tax payments, we fulfill our duties to our host and neighboring communities and help them develop and implement their various social projects on time,” Dahilan said.
Tuba and Itogon have become two of the four first-class municipalities in Benguet, owing to the “significant economic impact and fiscal contributions” of Padcal operations, Dahilan had said. She added the nine other towns in this province listed under third, fourth, and fifth economic classes were all into agriculture, while three of the four first-class municipalities were predominantly mining communities.
“We continue to uphold our commitments in our pursuit of right-and-principled mining, and part of this is paying our taxes religiously,” President and CEO Eulalio Austin, Jr. said. “We are proud that we are able to fulfill our obligations amid the changing operating landscapes and, at the same time, thankful to our host municipalities for trusting us as their partner in community development.” PR / ABN

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