{"id":16366,"date":"2025-09-15T07:25:24","date_gmt":"2025-09-15T07:25:24","guid":{"rendered":"https:\/\/theboholtimes.com\/?p=16366"},"modified":"2025-09-21T03:03:44","modified_gmt":"2025-09-21T03:03:44","slug":"capitol-set-to-tax-sand-gravel-from-outside-bohol-processed-minerals","status":"publish","type":"post","link":"https:\/\/theboholtimes.com\/?p=16366","title":{"rendered":"Capitol set to tax sand\/gravel from <br>outside Bohol, processed minerals"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"312\" height=\"469\" src=\"https:\/\/theboholtimes.com\/wp-content\/uploads\/2025\/09\/3a-min.jpg\" alt=\"\" class=\"wp-image-16367\" style=\"width:271px;height:auto\" srcset=\"https:\/\/theboholtimes.com\/wp-content\/uploads\/2025\/09\/3a-min.jpg 312w, https:\/\/theboholtimes.com\/wp-content\/uploads\/2025\/09\/3a-min-200x300.jpg 200w\" sizes=\"(max-width: 312px) 100vw, 312px\" \/><figcaption class=\"wp-element-caption\"><strong>BM BINLOD<\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p>CALL it a pro-active, optimistic, or maybe even a disappointment. Pro-active and optimistic since the sand\/gravel or aggregates supply sourced outside the province and the processed minerals in the case of large-scale mining like one in Garcia-Hernandez are eyed to be taxed by the provincial government.<\/p>\n\n\n\n<p>Disappointment since the local suppliers or consignees based here appeared not happy during the committee hearing of the proposed amendments of the imposition of ten percent of the fair market value (FMV), higher than earlier imposed a fixed rate per cubic meter of the sand and gravel they bought from suppliers outside Bohol.<\/p>\n\n\n\n<p>A concerned supplier\/contractor commented that the additional quarry extraction tax imposed may be another encumbrance and passed on to customers.<\/p>\n\n\n\n<p>This surfaced after the Sangguniang Panlalawigan is set to approve on 2nd reading next week of the Provincial Ordinance, amending sand and gravel and other quarry resources as moved by Board member Nathaniel Binlod, ways and means committee chair.<\/p>\n\n\n\n<p>Under Section 36-B provides, \u201cAll holders of permits issued by the Governor, except those for gratuitous permits, shall pay in advance to the Provincial Treasurer an extraction fee of not more than ten percent (10%) of the current fair market value (FMV) per cubic meter of sand, gravel, quarry resources and other minerals extracted from private lands.\u201d<\/p>\n\n\n\n<p>A local disposal fee of 10% of the current FMV shall be imposed on processed minerals from large scale mining area\/s sold or disposed and used in making hollow blocks or as supplied construction materials within the province based on section 36-C (1).<\/p>\n\n\n\n<p>Pursuant to the Local Government Code of 1991, the sharing of the proceeds of said tax is provided with the province and municipality\/city get 30% apiece and barangay where the quarry is located, 40%.<\/p>\n\n\n\n<p>The local disposal fee shall be paid in advance to the Provincial Treasury Office (PTO) with attached the Ore Transport Permit (OTP) issued by MGB 7 as basis for the issuance of Order of payment.<\/p>\n\n\n\n<p>Monitoring Fee of 10% of FMV is also imposed to Mineral Traders who engaged in sourcing out mineral from other provinces and transported and sold here. For purposes of monitoring, monthly report with delivery receipt of the actual volume disposed is required to be submitted to PTO every 10th day of the month.<\/p>\n\n\n\n<p>Those MGB- accredited mineral traders bringing in the minerals from other provinces shall be registered in the Office of the Governor, as a condition to conduct business in the province. They shall pay in advance the monitoring fee to PTO after which Clearance signed by the governor or his\/her authorized representative to dispose minerals from the vessel to stockyard areas and the corresponding delivery receipts shall be issued. (rvo)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CALL it a pro-active, optimistic, or maybe even a disappointment. Pro-active and optimistic since the sand\/gravel or aggregates supply sourced outside the province and the processed minerals in the case of large-scale mining like one in Garcia-Hernandez are eyed to be taxed by the provincial government. Disappointment since the local<\/p>\n","protected":false},"author":2,"featured_media":16368,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[7,13],"tags":[],"class_list":["post-16366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-top-stories",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Capitol set to tax sand\/gravel from outside Bohol, processed minerals - The Bohol Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theboholtimes.com\/?p=16366\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capitol set to tax sand\/gravel from outside Bohol, processed minerals - The Bohol Times\" \/>\n<meta property=\"og:description\" content=\"CALL it a pro-active, optimistic, or maybe even a disappointment. Pro-active and optimistic since the sand\/gravel or aggregates supply sourced outside the province and the processed minerals in the case of large-scale mining like one in Garcia-Hernandez are eyed to be taxed by the provincial government. 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