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House adopts Senate resolution that asks Palacios collect $25.3M uncollectible BGRT

The House of Representatives has adopted a Senate joint resolution introduced by Senate president Edith E. DeLeon Guerrero (D-Saipan) that requests Gov. Arnold I. Palacios to task the Division of Revenue and Taxation with collecting all Business Gross Revenue Tax owed the CNMI...
Posted On Jul 31 2023 06:03
, By Ferdie De La Torre
David atalig
0

‘Retirees’ 25% pension completely dependent on casino BGRT in FY23’

In fiscal year 2023, 25% of government retirees’ pensions would be completely dependent on the casino Business Gross Revenue Tax, according to Finance Secretary David DLG Atalig. In his fiscal year 2023 general revenue estimates submitted to the Office of Management and Budget on...
Posted On Apr 07 2022 06:06
, By Ferdie De La Torre

IPI settles CNMI’s BGRT issue for $18.17M

Imperial Pacific International (CNMI) LLC has settled with the CNMI government the latter’s claim for non-payment of business gross revenue tax by agreeing to pay $18.17 million. The Department of Finance claimed that IPI supposedly owes $30 million in unpaid BGRT, but IPI had...
Posted On Feb 04 2020 06:01
, By Ferdie De La Torre

IPI belies report it’s behind in its BGRT payments

Imperial Pacific International (CNMI) LLC belied reports that it’s behind in its tax payments, in the wake of a Department of Finance statement that casino gross revenue tax collected amounted to only $41,000 since the start of the fiscal year. “Since we have been here, we have...
Posted On Apr 29 2019 06:06
, By Bea Cabrera
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