Consistent with its value on good governance, SM maintained its position as one of the country’s top taxpayers for taxable year 2015. The...
Consistent with its value on good
governance, SM maintained its position as one of the country’s top
taxpayers for taxable year 2015. The mall company received several
awards from different communities where it emerged as the no.
1 taxpayer in the Local Business Tax and Real Property Tax categories,
while keeping its top positions in other localities spread across the
country.
For local business and real property tax
categories, SM Megamall, SM City Masinag, SM City Bacoor, SM City
Molino, SM City Baguio, and SM City Naga emerged as the no. 1 taxpayers
in their respective communities. SM Malls located
in Quezon City namely SM City North Edsa, SM City Sta. Mesa, SM City
Fairview and SM City Novaliches received the Hall of Fame award for
being a consistent top taxpayer in 2015.
Top real property tax awards went to SM
Southmall, SM Center Las Piñas, SM North EDSA, SM City Fairview, SM City
Novaliches, SM City Dasmariñas, SM Marketmall Dasmariñas, SM City Sta.
Mesa, SM Baliwag, SM Cauayan, SM City Lucena,
SM City Olongapo, SM City Rosales, SM City Rosario, SM City San Pablo,
SM City Taytay, SM City Tarlac, SM City Consolacion, SM City Cebu, and
SM City Bacolod. Other cities and municipalities that benefited from
taxes paid by SM include Apalit, San Fernando
and Mexico (Pampanga); Batangas City; Calamba City and Santa Rosa City
(Laguna); Iloilo City; Lipa City; Manila; Marikina City; Marilao
(Bulacan); Muntinlupa City; Pasay City; and Valenzuela City.
For taxable year 2014, SM landed on the 9th spot of the Bureau of Internal Revenue’s top non-individual taxpayers list, contributing over Php3.1B in paid taxes.
“Part of our mission is to provide
opportunities where we are present. It is our social responsibility to
pay our taxes transparently and on time so that our respective
communities can continue to finance its own economic development
programs,” said Ms. Annie S. Garcia, President of SM Supermalls.
SM’s presence in communities has helped
create jobs and opened doors for local businesses, big and small, to
take advantage of the mall’s large customer traffic. The mall company
has also helped in turning communities into tourism
destinations because of its premier shopping, dining and lifestyle
products and services.
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