“The main question in the new rate rebasing proposal is whether the new MWSS leadership will allow its concessionaires’ corporate income taxes to be passed on to water consumers. These pass-on taxes should not form part of the rate rebasing computation at the very outset. We will oppose such inclusions during the public consultations.”
This was the statement of Terry Ridon, convenor of InfrawatchPH and former urban poor chief of President Rodrigo Duterte.
Non-inclusion matter of public interest
A concession agreement signed by MWSS with its concessionaires Maynilad Water Services Inc. and Manila Water Co. allows for a rate rebasing every five years. Adjustments are based on the performance, expenses, earnings, unrecovered investments and service improvement plans of the water concessionaires.
“As the bearer of public interest in the rate adjustment negotiations with concessionaires Maynilad and Manila Water, nothing prevents government from insisting that pass-on taxes should form no part of their rate rebasing proposals,”said Ridon, who was also a member of the legislative franchises committee in the 16th Congress.
Ridon said the non-inclusion of pass-on taxes will benefit the public amid the inflationary pressures experienced by Metro Manila residents at the moment.
“The proposed P8-P12 per cubic meter water rate increase coupled by rising food and commodity prices will be too much to bear for Metro Manila consumers at this point.”
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Palace should state policy on Income tax recovery by water firms
“The MWSS leadership should also retain the policy of barring the recovery of income tax payments as recoverable expenditures, as these are not recoverable business taxes under the Concession Agreement.”
Ridon said the matter of income tax recovery has been the subject of contrasting arbitral rulings favoring Maynilad but not Manila Water.
“The President should once and for all make a clear policy statement on whether he thinks it is fair and just for the consuming public to be doubly bear the costs of water and rightly withheld corporate income taxes.”
Ridon said this double cost burden to the consuming public has no place in the Duterte government.