Remember when amid the ABS-CBN franchise bid, a BIR exec said they have no standing tax to be paid?
ABS-CBN FRANCHISE – This is the time when an official of the Bureau of Internal Revenue (BIR) said ABS-CBN has no tax default.
In a previous article, Philippine President Rodrigo Duterte expressed that ABS-CBN network must settle their tax issues. He said, “Unless in a deal, the Lopezes would pay their taxes, I will not — I will ignore your franchise, and I will not give them the license to operate.”
However, in the same speech, he also said that he won’t allow the National Telecommunications Commission (NTC) to give the network the permit to operate. He would accordingly not let the Lopez-owned company run even with the franchise.
Speaking about tax default, to recall, amid the legal battle of ABS-CBN before to have a fresh franchise, an official of the Bureau of Internal Revenue (BIR) said that the network has no default in paying their taxes.
BIR Assistant Commissioner Manuel Mapoy said during a public hearing that the network has paid an amount over Php 15.3 billion in taxes from 2016 to 2019. He said:
“ABS-CBN Corporation ay (is) regularly paying taxes for the past years. Na-check naman po na ‘yung dapat nilang i-withhold at na-remit naman nila sa gobyerno.”
With the amount that the media firm pays to the government, Bayan Muna party-list Rep. Carlos Zarate believed that there would definitely be consequences if it closes down.
Check out some of the comments from Twitter after the recent speech of the president regarding the franchise and operation of ABS-CBN:
Paulit ulit na ang resibo, this is just an undeniable fact now.
When in fact the BIR already stated that ABS-CBN has no tax default for they are regularly paying for their tax.
A BIR official already said himself that ABS-CBN has been “regularly filing and paying their taxes for the past number of years.”
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