Ramon Ang's, SMC setting aside P11.67 billion for taxes, contractual payments to Govt.

Ramon Ang's, SMC setting aside P11.67 billion for taxes, contractual payments to Govt.




San Miguel Corporation is not only being helpful to Filipinos it is also making an unprecedented move halping the government by paying taxes during the time of this COVID-19 pandemic.

SMC is setting aside P11.67 billion for tax, concession and contractual payments throughout the extended enhanced community quarantine (ECQ) period despite an amnesty offer from the national government.


SMC, the country’s diversified conglomerate said this would be of big help to strengthen the government’s cash muscle and help it respond effectively to the challenges of the coronavirus disease 2019 or COVID-19 pandemic.

SMC's  Mr. Ramon Ang
(photo credit to owner)




Of the P11.67 billion, SMC has already paid the government P8.77 billion, while the remaining balance will be remitted before the end of the quarantine period on May 15.

ALL SMC's 66,000 employees get full pay


SMC President and Mr. Ramon Ang said that its more than 66,000 employees, consultants, and contract workers will be taken care of during the duration of the enhanced community quarantine (ECQ), all of them will receive their respective salaries in full despite the work stoppages.


“These are trying times and while we, as a company, are not immune to the challenges of this crisis, the safety and security of our workforce will always come first,” Ang said. “We do not want them worrying about their jobs.”

Addressing the conglomerate’s employees, Ang said he was “truly proud of the hard work that you, most especially our front liners, have been doing in the midst of the challenges: delivering essential goods and services that are critical in this battle.”

“Please continue to adopt our malasakit mindset and focus on what we, as individuals, can do to make a difference, because many are counting on us,” he said.






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Report from PhilStar



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