The local government of Makati City padlocked the headquarters of PLDT’s mobile phone service unit Smart Communications Inc. for allegedly having billions of pesos worth of unpaid taxes and for operating without a business permit over the last four years.
The case stemmed from an examination launched by the Office of the City Treasurer in 2016, which concluded that Smart owed the city government over P3.2 billion in franchise tax over the four-year period.
Certeza said the city had requested Smart to submit a breakdown of revenues and business taxes paid in all branches nationwide, but the telecommunications giant refused to present the documents. In 2018, Smart filed a petition for review before a Makati Regional Trial Court seeking to nullify of the Office of City Treasurer’s Notice of Assessment, which states that the telecommunications giant did not pay the franchise tax.
During the trial, Makati City filed a motion for production and inspection of documents, which the court granted. However, in 2019, Smart filed an opposition against Makati’s motion and challenged the court’s decision before the Court of Tax Appeals .Smart argued that the city has no jurisdiction to audit the company’s financial statements and operations in other branches nationwide, adding that it had submitted all records related to its operations within the city and paid the necessary taxes.
The CTA, however, said Makati has the authority to investigate Smart’s entire operations under the Local Government Code.Subscribe to our daily newsletter
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tips to become internet smart: what and what not to share online | BMPlusThe internet offers kids wonderful new ways to discover the world - a tool for learning, exploring, being creative, and connecting with the people who matter. However, with longer screen time, this has made them more vulnerable to risks such as inappropriate content, online bullying, and even exploitation. Parents play…
Read more »
Blacklist stay flawless, Smart Omega falters to ALMGHTY once againThe Philippines&039; two best teams in Call of Duty Mobile had mixed results in their matches on Day 7 of the CODM Garena Masters 4. Blacklist Ultimate stayed flawless and perfect in its campaign
Read more »
Two cops hurt in Lucena City drug buy-bustLUCENA CITY — Two police officers were wounded in a buy-bust operation that ended in an armed encounter in this city on Friday night (February 24), a report said Saturday. Lucena City
Read more »
Rama wants to finish CCMC reconstruction without a ‘single centavo’ spent from City Hall coffersCEBU CITY, Philippines -- If he were to have it his way, Cebu City Mayor Michael Rama wants the Cebu City Medical Center (CCMC) reconstruction project done without a "single centavo" spent
Read more »
Marcos graces Cebu City BRT groundbreaking on MondayPresident Ferdinand ‘’Bongbong’’ R. Marcos Jr. will grace the groundbreaking of the Cebu Bus Rapid Transit (BRT) system project at Fuerte Rotunda on Monday, Feb. 25.
Read more »
LOOK: Cebu City recognizes outstanding individuals, institutionsCEBU CITY, Philippines -- The Cebu City government handed awards to a total of 86 individuals and institutions during a testimonial dinner, which capped the week-long celebration of its 86th Charter
Read more »