Cagayan economic zone remits P88 million


SANTA ANA, Cagayan: A total of P88 million has been remitted by a Cagayan-based government-owned and -controlled corporation to the national treasury this year.

Of the 158 active government corporations, the Cagayan Economic Zone Authority (CEZA) has become among the top 40 contributors as a result of its remittance to the government coffers.

Jose Mari Ponce, CEZA administrator and chief executive officer, said that being a first-time remitter with such an amount is a positive indicator to the stability of the agency.

Nilo Aldeguer, senior deputy administrator said the Bureau of Internal Revenue (BIR) has also cited CEZA for being the highest taxpaying corporation in Cagayan.

Aldeguer said CEZA has remitted to the BIR the amount of P34 million in taxes based on its gross revenue of P310.9 million, making it Cagayan’s top taxpaying corporation, and ranked second in Region 2 after PR Savings Bank.

BIR officials said that aside from the amount remitted, the basis for the award included “timeliness of payment and voluntary gross declaration.”

Aldeguer said “the efforts of the agency to ensure inclusive and sustainable growth in the Cagayan Valley region are now showing great results.”

A government corporate body, CEZA was created under Republic Act 7922 or the Cagayan Special Economic Zone Act of 1995 by then President Fidel Ramos to manage and supervise the development of the 54,118 hectares Cagayan Special Economic Zone and Freeport (CSEZFP).

Also managing Port Irene now becoming a premier one-stop site for international shipping lanes, the CSEZFP also covers the entire Municipality of Santa Ana, including the Islands of Fuga, Barit, Mabbag in Aparri town.

Leander C. Domingo


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