Ayala group pays P9.86B taxes ahead of deadline

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Ayala group pays P9.86B taxes ahead of deadline
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Conglomerate Ayala Corp. and key operating units settled P9.86 billion worth of taxes ahead of the extended June 14 deadline. | philbizwatcher

The taxes were paid by the parent conglomerate along with Ayala Land Inc., Bank of the Philippine Islands, Globe Telecommunications, Inc., AC Energy, and Manila Water Corp.Brothers Jaime Augusto Zobel de Ayala and Fernando Zobel de Ayala, who serve as the group’s chairman and president, respectively, expressed their gratitude to President Rodrigo Duterte for recognizing Ayala’s support to the government’s initiatives.

“We are committed to help the President tackle the many challenges he has to deal with and are confident that by working together, our country can overcome each challenge, save lives, and gradually put the country back on a path of growth,” they said. The brothers also emphasized the importance of public–private cooperation as the country deals with the vast impact of the pandemic.

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