The Negros Occidental provincial government paid P12.8 million in transfer tax to the Bureau of Internal Revenue under protest in order to hasten the release of a land title that will allow AyalaLand Inc. to begin work on the Capitol property it is set to lease.
Gov. Alfredo Marañon Jr. also said yesterday that the P12.8 million transfer tax charged by the BIR stemmed from the swapping of properties between the provincial government and the heirs of Angeles Gonzaga Vasquez, involving more than 8,000 square meters.
The swapped area is part of the Capitol property to be leased to Ayala Land.
Banago port hearing set
A joint committee hearing on the resolution passed by the Bacolod City Development Council favorably endorsing to the Sangguniang Panlungsod the proposed port zone delineation of the port of Banago, will be conducted by the SP Committees on Laws, Urban Planning and Government Assets.
Bacolod Vice Mayor Greg Gasataya said yesterday that this is line with the development plans of the Philippine Ports Authority for the Banago port.
The CDC had passed on June 6 Resolution No. 1, Series of 2014, that favorably endorses to the SP the proposed port zone delineation of the port of Banago and the development plans of the Philippine Ports Authority for the Banago Port.
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