Today's Punto
Today's Punto
SM top business taxpayer in Olongapo

Apr 07, 2016

The recent report of Business Permit and Licensing Office (BPLO) revealed the twenty(20) Most Outstanding Business Taxpayers for 2016, the SM group of companies again earned the first 3 spots in terms of taxes paid based on the gross sales of 2015.

Meridien Business Leader, Inc. (The SM Store) ranked #1, Supervalue, Inc. (SM Supermarket) ranked#2 and SM Prime Holdings Inc. ranked #3.

Olongapo City Mayor Rolen Paulino handed over the Plaque of Appreciation to the SM Group during the flag raising ceremony held at the Rizal Triangle on April 04, 2016.

The top 20 awardees were recognized as the Most Outstanding Business Taxpayers in the city based on their gross sales in 2015 making it a remarkable benefactor for sustaining, maintaining, and improving the public services provided by government to its citizen.

“All citizens of a country are morally and legally bound to pay their fair share of tax. Paying taxes is our commitment and we will continue to uphold to our role as a catalyst for economic development,” remarked Engr. Bong Garcia, asst. mall manager of SM Olongapo.

Out of the 20 Most Outstanding Business Taxpayers, half of them are from SM. These are: Abacus Book & Card Corp. (National Bookstore), Jollibee Foods Corp., Star Appliance Center, Inc. (SM Appliance Center), Philippine Pizza, Inc. (Pizza Hut), Ace hardware Phils. Inc., Fresh and Famous Foods, Inc. (Chowking) and Familyhealth & Beauty Corp.(Watsons).


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