The Makati City local government and Smart reach an accord on 'pending local taxation issues' after the telco submits select accounting records.
earlier asked Smart to provide it with a breakdown of revenues and business taxes paid in all branches nationwide.
Details of the tax payment in the compromise deal were not specified in the disclosure. Smart’s business permit status, which was also subject of the closure order, was not mentioned in the release. “Smart remains committed to complying with Makati City’s local tax ordinances, and with relevant national laws, applicable in respect of local taxation, and thanks the Makati LGU for its prompt action to resolve the matter,” Smart and PLDT’s statement read.
Michael Camiña, Makati City legal officer and spokesman, confirmed that the closure order has been lifted “following the submission of documents in compliance with an earlier government order and court rulings.” “Again, we would like to remind all businesses operating in the city to comply with city ordinances and regulations,” Camiña said. –
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