Solon slams unpaid NGCP franchise taxes

Rep. Ray T. Reyes of AnaKalusugan on Monday slammed the National Grid Corporation of the Philippines (NGCP) for allegedly not

paying its franchise tax for 12 years and instead passing on to consumers the 3 percent tax it owes to the government.

Reyes noted that based on the financial statement sent by NGCP to the SEC, NGCP is more than capable of paying its franchise tax yet still chose to pass on the responsibility to consumers. “I am appalled and we should be deeply concerned as this is but part of a long list of questionable practices by the NGCP,” he added.

“It’s saddening because even if they get flooded with penalties, the NGCP continues to earn profits, and they seem to be content on just paying the penalties instead of competing their promised projects. This abusive action must be met with accountability,” Reyes stated.

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