SBMA gives ₱180.67-M revenue shares to neighboring LGUs | SubicNewsLink

20 July 2022

SBMA gives ₱180.67-M revenue shares to neighboring LGUs

SBMA Chairman and Administrator Rolen C. Paulino (4th from left, second row) join city and municipal mayors, and representatives who received the shares for their respective localities during the distribution of the 1st semester revenue shares from the agency held at the Izakaya Restaurant in Subic Bay Freeport last July 14.   Joining the Chairman for a photo souvenir are (from left, second row) Rolen Paulino Jr. of Mayor of Olongapo City; Mayor Jeffrey Khonghun of Castillejos, Zambales; Dr. Edzel Lonzanida, Mayor of San Antonio, Zambales; Bataan Board Member Dr. Jorge Estanislao representing Morong, Bataan; Mayor Herman Santos of Dinalupihan, Bataan. With them also are SBMA Deputy Administrator for Support Services Atty. Ramon Agregado (left, front row) and Senior Deputy Administrator for Finance Antonietta Sanqui (right, front row).


Eight neighboring local government units (LGUs) of this premier Freeport recently received its share of revenues from the Subic Bay Metropolitan Authority (SBMA) amounting to ₱180.67 million. 

Derived from the agency’s revenue collection from January to June this year, SBMA chairman and administrator Rolen C. Paulino led the distribution of shares to local government officials in a simple ceremony at the newly opened En Izakaya & Global Cuisine by Sakura restaurant. 

“I am optimistic that under the leadership of our new President Ferdinand Marcos, Jr., our economy will improve and LGU shares will be bigger especially if more investors will invest in Subic,” Paulino said. 

Paulino also urged everyone to help each other like the way the SBMA patronizes businesses in the Freeport by holding meetings and other events in various establishments, rendering their services. This way, he said, businesses here are able to earn and pay their rent and the salaries of their employees.

He said that this practice would also be beneficial to potential investors who would want to make it happen in the Philippines when they invest in Subic Freeport. 

During the turnover ceremony, Olongapo City mayor Lenj Paulino received the biggest at ₱42.02- million; while, Subic, Zambales municipal treasurer Rosemarie Custodio received ₱24.62-million; Dinalupihan, Bataan mayor Herman Santos received ₱22.47-million; San Marcelino, Zambales municipal treasurer Eleanor Damasco received ₱21.65-million; on behalf of Hermosa, Bataan mayor, Atty. Anne Inton received ₱19.3- million; Castillejos, Zambales mayor Jeff Khonghun received ₱16.47-million; Morong, Bataan assistant municipal treasurer Ma. Teresita Reyes received ₱15.95-million, and San Antonio, Zambales mayor Edzel Lonzanida received ₱15.48-million.

Meanwhile, SBMA Deputy Administrator for Finance Antonietta Sanqui said that the LGU shares are determined according to population (50 per cent), land area (25 per cent), and equal sharing (25 per cent).

“The revenue shares being released by the SBMA every semester are derived from the corporate tax, which is two percent of the five-percent special tax it collects from business locators in the Subic Bay Freeport Zone,” she explained. 

Sanqui added that the SBMA has been releasing revenue shares directly to the LGUs since August 2010.  Previously, corporate taxes were remitted first to the national government, which would then distribute the shares to the concerned LGUs. (MPD-SBMA)

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