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SC orders Makati LGU to pay P1.26B in deficiency taxes plus interests

Article (news)

Mike Navallo, ABS-CBN News

MANILA — The Supreme Court has ordered the Makati City government to pay the Bureau of Internal Revenue (BIR) a total of P1.26 billion in deficiency taxes plus interests covering the years 1999 to 2001 and 2002 to 2004.In a resolution dated March 15, 2023 which was released by the high court Tuesday, the SC Third Division dismissed both Makati City government’s petition and its motion to dismiss the case.The Makati City government had questioned the assessment the BIR issued all the way to the high court.Of the total sum, P1.05 billion in deficiency taxes cover the years 1999 to 2001 while P217.81 million in deficiency taxes were from 2002 to 2004.The Supreme Court, however, ordered the BIR to deduct P400 million and P302 million that the Makati City government had paid earlier.Elenita Binay was mayor of Makati from 1999 until June 30, 2001, when she was succeeded by her husband, former Vice President Jejomar Binay, who served as Makati City mayor until June 30, 2010.It also imposed a deficiency interest at 20 percent per annum, delinquency interest at 20 percent per annum and another 12 percent delinquency interest.ABS-CBN News has reached out to the Makati City government for comment but has yet to receive a response.The Makati City government can still file a motion for reconsideration.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/02/27/23/makati-shuts-smart-headquarters-due-to-alleged-permit-tax-violations">Makati City padlocks Smart headquarters due to alleged permit, tax violations</a></li></ul>

The Supreme Court has ordered the Makati City government to pay the BIR a total of P1.26 billion in deficiency taxes plus interests.

SC orders Makati LGU to pay P1.26B in deficiency taxes plus interests

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SC orders Makati LGU to pay P1.26B in deficiency taxes plus interests

Mike Navallo,

ABS-CBN News

Published July 19, 2023 09:13 PM PHT

|

Updated July 20, 2023 03:31 AM PHT

Read More:

Supreme Court

Makati City

taxes

Bureau of Internal Revenue

BIR

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