DAVAO CITY AGRIBIZ FIRMS NOT PAYING ENVIRONMENTAL TAX

Most of banana and pineapple plantations and other large agri-business companies in Davao City are not paying the Environmental Tax mandated by the Davao City Watershed Management Conservation and Protection Ordinance.

Only the Davao Agricultural Ventures Corp. (Davco) paid the tax, areport in Business Mirror said.

Davco is a joint-venture company of the Del Monte Fresh Produce and Antonio N. Floirendo Corp.

The tax evasion by the agri-business companies amounts to about P14 million annually, according to the report citing information from the City Treasurer’s Office.

The Environmental Tax imposed by the Ordinance also known as the Watershed Code aims to fund environmental programs to mitigate negative environmental impact of agri-business companies operating in the watershed areas.

DURIANBURGDAVAO

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