metromanila.politics.com.ph

Napasunod ni Isko! FEU, UE, Mapua pay P150M in unpaid taxes

0 1,379

Three universities in Manila paid the city government a total of P150 million in taxes, which they failed to pay since 2009.

Officials of Far Eastern University (FEU), University of the East and Mapua University recently talked with Manila Mayor Isko Moreno to avail themselves of the city government’s tax amnesty program.

The program allowed FEU to pay only P22 million for its unpaid P212-million tax, while UE’s Recto campus shelled out P196.11 million.

Mapua, meanwhile, paid P31.5 million for its P71.6-million tax liability.

Manila Licensing Division Chief Paul Vega said the universities agreed to pay taxes after settling the issue on whether they are exempted from taxes as educational institutions.

Lyceum of the Philippines University is one of the Manila-based universities which is expected to follow the suit of FEU, UE and Mapua in availing itself of the tax amnesty program.