A mining firm paid over PHP63.5 million in taxes and regulatory fees to the municipal government of Claver in Surigao del Norte, a local official said Tuesday.
In a statement, Claver Mayor Georgia Gokiangkee recognized the Taganito Mining Corporation (TMC) as one of the local government unit’s (LGU) active development partners.
The payment was made Monday as business transactions for 2025 started through TMC Community Relations Officer Mark Vincent Junel Felias.
“The payment is part of the 2025 Local Business Tax and other regulatory fees of the TMC,” Gokiangkee said.
She noted that the taxes and fees are part of the mining company's corporate social responsibility to contribute to the LGU’s development efforts.
Gokiangkee said the payments and fees would go to education, health, agriculture and infrastructure programs this year.
A portion of the payment will also support social services programs for senior citizens, individuals with disabilities, and other disadvantaged groups. By Alexander Lopez
Article courtesy of the Philippine News Agency