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Bacolod City, Philippines Friday, October 3, 2014
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Capitol paid P12M tax
under protest, guv says

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.

“We paid under protest so that if the province gets an exemption from paying such tax, it can be reimbursed,” Marañon said.

With the payment of the tax, the land title is expected to be ready this week or early next week, Provincial Administrator Enrique Pinongan said.

Ayala is expected to then pay the Capitol P105 million, representing a one month deposit and two years advanced lease of the Capitol property in Bacolod City, he added.

Meanwhile, Marañon assured that the historical marker of the Negros Occidental Provincial Jail at Gatuslao Street will be reconstructed. The jail has been demolished by 888 Chinatown Square that has leased the area for a mall.

“The original parts of the marker have been kept and 888 is set to submit a design for the restoration of the marker that we will approve,” he said.*CPG

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