Photo shows Joel Luna, Leo Rivera, Leo Jose San Mateo, and Kzec Ivcon Daguio of the Makati City LGU; with Smart’s Atty. Jonathan Larga, Mr. Jeffrey Lizada, and Atty. Imelda Tolentino; taken this morning at Smart Tower as Makati City lifted the closure order.

MANILA, Philippines, March 3, 2023 – In an Order dated March 2, 2023, the Makati City Local Government Unit (LGU) has lifted the Closure Order dated February 27, 2023 it issued against Smart Communications, Inc. (Smart), headquartered in Makati City and a wholly-owned subsidiary of PLDT Inc.

This development follows the parties’ execution of a compromise agreement on March 2, 2023 stating the terms of settlement of their pending local taxation issues.

The settlement was reached after Smart submitted to the Makati LGU its accounting records corresponding to revenues generated within the territorial jurisdiction of Makati for the relevant periods.

Smart remains committed to complying with Makati City’s local tax ordinances, and with relevant national laws, applicable in respect of local taxation, and thanks the Makati LGU for its prompt action to resolve the matter.

Smart assures the public and its customers that services remain available and accessible to all. [END]