Makati Mayor Abigail Binay said that Smart submitted various documents to the Office of City Treasurer, including the breakdown of revenue sources nationwide. This comes after several court rulings and an earlier city government order of closure.
City Treasurer Jesusa Cuneta and Atty. Michael Camiña, the city legal officer and spokesman, were present during the turnover of documents. The documents submitted by Smart executives will help the city government determine if the telecommunications company has been paying the correct amount of taxes and fees.
The closure order was issued after Mayor Abby expressed her disappointment with Smart's failure to comply with the city's order to pay the correct amount of taxes and fees and failing to secure a business permit. The mayor stated that the city government will not tolerate any company that refuses to comply with their obligations to the city.
Smart Communications Inc. is one of the largest telecommunications companies in the Philippines, with millions of subscribers nationwide. The company has been operating in Makati city for many year.
The city government is expected to make a decision on whether to lift the closure order or not after reviewing the documents submitted by Smart executives. The decision will be based on whether the telecommunications company has been paying the correct amount of taxes and fees to the city.