MANILA, Philippines — The Iloilo City government is demanding that the Panay Electric Company (Peco) pay the P51 million in franchise taxes it allegedly owes the city.
In a letter dated June 16, Atty. Edgardo Gil, chief of the City Legal Office, called out Peco for its “continued refusal” to remit or pay to the city government the franchise taxes it collected as part of billed monthly electricity charges in 2019.
“In particular, despite having already paid the 1st quarter payments for the said tax, you refused to remit/pay to the city the 2nd, 3rd, 4th quarter payments amounting to P51,425,406.37, excluding legal interest and other charges,” Gil said.
“The said c…
Keep on reading: Iloilo City gov’t to Peco: Pay P51M in franchise taxes