Remarks | C04281-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
---|---|---|
Common Shares (Fully Paid) | 81,641,486 | |
Common Shares (Subscribed) | 438,234 | |
Total | 82,079,720 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Subject of the Disclosure |
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Tax Assessment |
Background/Description of the Disclosure |
The Bureau of Internal Revenue assessed the Company deficiency taxes in the total amount of P189,200,854.63, inclusive of compromise penalty and interests up to September 30, 2023 involving alleged deficiencies in various taxes in the calendar year 2017 including income tax, value-added tax (VAT), expanded withholding tax, among others. The Company will dispute said assessment and will take appropriate legal action for the cancellation of the assessment. |
Other Relevant Information |
None. |
Name | Aissa Encarnacion |
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Designation | Corporate Information Officer |