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The Makati City local government said other offices of Smart Communications Inc. located in the city will be shut down in the coming days following the closure of its main headquarters for operating without a business permit since 2019 and non-payment of franchise tax worth over P3.2 billion.
The city government said that the company “failed to settle or obtain any relief from the courts over its franchise tax deficiency worth over P3.2 billion covering the period January 2012 to December 2015,” prompting Makati City to issue the closure order. The telecommunications company said that the Makati City government has “no jurisdiction to audit the company’s financial statements and operations in other branches nationwide. It insisted that the company has “submitted all records related to its operations within the city and paid the necessary taxes.”
Mayor Abby Binay urged business owners in Makati to comply with the city’s laws and legally acquire the needed permits and documents before commencing operations.
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