G-SHOCK Philippines And Dwight Ramos Celebrate Absolute Toughness

Toughness takes the spotlight as G-SHOCK Philippines teams up with Dwight Ramos for an unforgettable event celebrating resilience and style. From the unveiling of new timepieces to inspiring conversations about grit, this gathering highlighted what it means to embody absolute toughness.

Tala’s Q1 2025 Growth Surges, Reaching PHP16 Billion In Global Revenue And Driving Expansion

Tala has achieved remarkable growth in Q1 2025, surpassing PHP16 billion in global revenue.

Maraming Talamat: Tala PH, Project PEARLS Empower Communities, Promote Financial Literacy

Tala Philippines collaborated with Project PEARLS to bring vital resources to underserved communities in Metro Manila.

G-SHOCK Philippines And Dwight Ramos Bring The Heat At Venice Grand Canal Mall

The G-SHOCK Philippines Popup Experience drew a vibrant crowd at Venice Grand Canal Mall. Dwight Ramos energized the event with his presence.

Smart: No Tax Evasion On Local Franchise Dispute With Makati

No tax evasion was involved in the recent legal victory of the Makati City government against telecommunications firm Smart Communications, Inc., an official said.

Smart: No Tax Evasion On Local Franchise Dispute With Makati

45
45

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

No tax evasion was involved in the recent legal victory of the Makati City government against telecommunications firm Smart Communications, Inc., an official said.

Ramon Isberto, head of Smart’s Public Affairs, said in a statement released Tuesday that it was merely a dispute on the local government’s assessment of PHP3.246 billion for deficiency franchise taxes and fees for the years 2012 to 2015.

“This case stems from a dispute over the correct assessment of local franchise taxes (LFT) by the Makati City government. Contrary to some published reports, it does not involve tax evasion,” Isberto said.

He said the Court of Tax Appeals (CTA) has not decided on Smart’s LFT liability to Makati City but merely upheld a previous ruling granting the city’s motion for production of records and various documents of the company in connection with the main LFT case pending with the Makati Regional Trial Court (RTC).

In a 13-page decision on Feb. 5, the CTA’s Second Division through Associate Justice Jean Marie Bacorro-Villena denied for lack of merit Smart’s petition questioning the Makati RTC Branch 113’s resolution granting Makati City’s motion for production of corporate finance documents of the company.

In a resolution dated June 28 last year, the Makati court granted the city’s motion for the production of Smart’s corporate documents — which led to Smart bringing the case to the CTA.

The company claimed that allowing the Makati City government to inspect its finance documents is tantamount to permitting the city to a second audit in relation to its LFT payments for the years 2012 to 2015.

The Makati City government, on the other hand, claimed that the documents sought from the company were not confidential in nature to warrant non-production in court, stressing that the documents were made necessary by Smart’s failure to provide the city with a breakdown of gross sales/receipts of its branches.

The documents being sought include Smart’s general ledger, particularly the consolidated book for the years 2011 to 2014 and Makati branches and sales offices, sales book for the same period and cash register book, general journal book, application form and billing assessment from other LGUs, among several other financial documents. (PNA)

Photo Credit: facebook.com/SmartCommunications