outbrain
Close  

3 Manila universities pay P150M in back taxes

/ 04:00 AM December 17, 2019

MANILA, Philippines — Three universities in Manila have paid the city government more than P150 million in tax deficiencies through an amnesty program that waived penalties and surcharges for land and business owners.

Manila Mayor Francisco “Isko Moreno” Domagoso thanked representatives from Far Eastern University, the University of the East (UE) and Mapua University for settling their back taxes last week, assuring them that the money would be used for the improvement of the city.

ADVERTISEMENT

According to the Manila Public Information Office, the three schools paid back taxes from 2009 to 2018, with UE accounting for the biggest share of the total (P100 million).

“We’ll make use of this [payment] and you will see a different housing program of the [local] government. It [will be] literally way beyond your expectations,” Domagoso told the school representatives.

FEATURED STORIES

The amnesty for delinquent city taxpayers will be in effect until Dec. 20, according to Manila Business Permits and Licensing Office chief Paul Vega.—Meg Adonis

Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: FEU, Isko Moreno, Mapua, UE, university back taxes
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.