Makati City Lifts Closure Order Against Smart Communications Inc.

The Makati City Government has lifted the closure order against Smart Communications Inc.'s head office, which was issued due to the company's alleged failure to secure a business permit and unpaid taxes amounting to PHP 3.2 billion. Smart's legal teams have been in touch with the Makati LGU, and despite the closure order, Smart's services remained available to subscribers. Smart announced that the closure order was lifted following the parties' execution of a compromise agreement. Details about the settlement's terms were not disclosed, but Smart has submitted the requested documents regarding the local taxation issues.

Smart remains committed to complying with Makati City's local tax ordinances and relevant national laws applicable to local taxation. The company thanked the Makati LGU for its prompt action in resolving the matter.