Walang sabit! BIR, SEC: ABS-CBN didn’t break law
The Bureau of Internal Revenue (BIR) and Securities and Exchange Commission (SEC) said ABS-CBN didn’t break any laws, contrary to allegations by the network’s critics.
Simplicio Cabantac, head of BIR’s Large Tax Payers Audit Division 3, told lawmakers at the Senate committee on public services’ hearing that ABS-CBN has regularly filed taxes.
Cabantac said their records show the network paid a total of P14.4 billion to the government between 2016 and 2019.
“As far as ABS-CBN account is concerned they are regularly filing and paying their taxes for the past number of years,” he said.
SEC supervising commissioner Ephyro Luis Amatong said they are also unaware of any violation or ongoing complaint against the network.
Senator Grace Poe, the committee chairperson, called for the hearing after Solicitor General Jose Calida filed a quo warranto petition before the Supreme Court, which seeks to nullify the network’s franchise.
Calida said ABS-CBN violated the terms of its franchise by allowing foreigners to own part of the company by allowing Philippine Depositary Receipts. He also claimed its offer of a pay-per-view channel is illegal.