ABS-CBN pays taxes regularly, BIR tells Senate panel

ABS-CBN News

Posted at Feb 24 2020 12:04 PM | Updated as of Feb 24 2020 12:42 PM

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MANILA -- ABS CBN Corp regularly pays taxes, the Bureau of Internal Revenue told a Senate hearing the network's compliance with its franchise.

The company paid P14,398,464,316.66 in taxes in from 2016 to 2019 except for income taxes last year which will be submitted in April, said Simplicio Cabantac Jr, head of Large Tax Payers Audit Division 3 of the BIR.

"As far as ABS-CBN account is concerned they are regularly filing and paying their taxes for the past number of years," Cabantac said.

From 2009 to 2018, ABS-CBN paid a total of P8.859 billion in withholding taxes, ABS-CBN president and chief executive officer Carlo L. Katigbak 

The SEC is also "not aware of any violation or any on going complaint or investigation involving ABS-CBN," supervising commissioner Ephyro Luis Amatong told the Senate hearing.