Ayala group pays P9.86 billion taxes ahead of deadline to aid PH's virus response

ABS-CBN News

Posted at May 18 2020 05:10 PM

Ayala group pays P9.86 billion taxes ahead of deadline to aid PH's virus response 1
Ayala Corporation Chairman Jaime Zobel De Ayala (righ) is joined by Ayala Corporation President and COO Fernando Zobel De Ayala (left) during the Ayala Corporation Annual Stockholders meeting held at the Fairmont Hotel in Makati on April 26, 2019. Jonathan Cellona, ABS-CBN News/File

MANILA - Ayala Corp said Monday its group paid P9.86 billion in taxes ahead of the extended deadline on June 14 to help boost the government's coronavirus response and recovery war chest.

Ayala Corp, Ayala Land, Bank of the Philippine Islands, Globe Telecommunications, AC Energy and Manila Water Corp paid a total of P9,858,293,348, the group said in a statement.

“We are committed to help the President tackle the many challenges he has to deal with and are confident that by working together, our country can overcome each challenge, save lives, and gradually put the country back on a path of growth," the group chairman and president, brothers Jaime Augusto Zobel de Ayala and Fernando Zobel de Ayala said in a joint statement.

As of Monday, the group has contributed about P5.6 billion in anti-COVID-19 initiatives, it said.