Smart Communications Inc. said it had submitted to the Makati City government the required documents to settle its taxation issues that led to the shutdown of its headquarters in the city’s central business district. | TyronePiad /PDI
The PLDT unit said it had “filed the appropriate cases to resolve outstanding legal issues; these cases remain pending.”
The company said their legal and tax team were also coordinating with the Makati LGU to settle the issue at hand. Smart has assured the public that its services would “remain available and accessible to our subscribers.”Prior to this tax issue, PLDT has dealt with a major financial fiasco involving a P48-billion budget run, which had been accumulated for four years but was only uncovered in December last year.
The listed telco player previously said it had incurred billions-worth of budget overrun due to “over orders” related to rollout of 5G and wireless services, among others, stressing that its initial probe showed no signs of fraud.Your subscription has been successful.
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