A.

Assistant Commissioner Manuel Mapoy said during the public

hearing on ABS-CBN’s franchise that the broadcasting company has
paid over P15.3 billion in taxes from 2016 to 2019.

He stated that the media network giant has no outstanding delinquent

account as it was able to pay deficiency taxes.

“ABS-CBN Corporation ay (is) regularly paying taxes for the past

years. Na-check naman po na ‘yung dapat nilang i-withhold at na-
remit naman nila sa gobyerno (The amount that it needed to withhold
had been checked and it was remitted to the government),”

ABS-CBN Group chief financial officer (CFO) Ricardo Tan likewise

attested that ABS-CBN Corp. and its subsidiaries have paid P71.5
billion in taxes to the government in the past 17 years.

“From 2003 to 2019, ABS-CBN as a group paid P71.5 billion in

taxes,” he noted during the hearing.
for Bayan Muna party-list Rep. Carlos Zarate, there would be dire
consequences if the media firm shuts down, considering the amount
of taxes it pays the government.