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3.1.3 Determine the correct mining
taxes paid and collected during the immediately preceding year based on the estimated and actual volumes and values of the mineral products submitted by the MGB.
3.2 Department of Finance - Bureau
of the Treasury (BTr), shall
3.2.1 Validate and approve the Joint
Certification transmitted by the BIR within thirty (30) days immediately after receipt thereof. The said certification shall be validated from the reports transmitted by the BTr Regional Offices and Authorized Agent/Government Depository Banks.
3.3.2 In order to assist in the
enhancement of the mining tax collections, furnish the BIR not later than the end of March, the actual volumes and values, on a per project basis, of metallic minerals produced during the immediately preceding year. For non-metallic minerals, the actual volumes and values of production, on a per
a permittee/project basis during the immediately preceding year, shall be furnished to the BIR not later than the end of
October of the ensuing year. 3.3.3 Provide the BIR, within 60
days after the end of each quarter, the list of new metallic permittees, actual volumes and values of their respective production and extraction sites.
3.2.2 Transmit to the DBM the duly
validated and approved Joint Certification within forty five (45) days immediately after
4.0 Distribution of Shares of LGUs
4.1 Pursuant to Section 292 of R.A No. 7160, the 40% share of the LGUs from the
preceding year's collections of mining taxes shall be distributed as follows:
% of Distribution
100 resources are located in the Province and in one city/municipality/ Barangay Where the natural
100 resources are located in a highly urbanized or independent component city and in one barangay Provided, however, that where the natural resources are located in two (2) or more provinces, or in two (2) or more component cities or municipalities, or in two (2) or more highly urbanized or independent component cities or in two (2) or more barangays, their respective shares shall be computed on the basis of: Population
70 Land Area
5.0 Funding Source
5.1 The 40% share of LGUs from the gross mining tax collections derived by the
national government from the preceding fiscal year shall be released chargeable against the current year's General Appropriations Act.
TIMELINES FOR THE SUBMISSION, PROCESSING AND RELEASE OF THE
BIR Submission BTr Validation and
of Joint Submission of joint Release of Certification to
BIR & BTR Funds by DBM
BTr Certification to DBM 1- Qtr. Collection June 15 of current July 31 of current year (March 31 of the year
Within February current year)
of ensuing year 2nd Qtr. Collection September 15 of October 31 of current (June 30 of the current year year current year) 3rd Qtr. Collection December 15 of January 31 of ensuing (September 30 of current year year the current year)
Qtr. Collection March 15 of April 30 of ensuing Within May of (December 31 of ensuing year year
ensuing year the current year)