CAGAYAN DE ORO CITY: Some 80 private companies, including a coal-fired power plant in Villanueva, Misamis Oriental were ordered to pay more than P2 billion in back taxes or be phased out of the province’s industrial economic zone.
The Philippine Veterans Investment Development Corp. (Phividec), a government-owned firm that runs an industrial economic zone in Misamis Oriental, has issued the notice of tax collection on Moday to companies operating in the eco-zone.
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