Isetann Recto, one of the oldest malls in the capital city, has settled its P2-million tax deficiency and secured proper business permits at the city hall, Manila Public Information Office chief Julius Leonen said in a statement.
The Recto mall owed the local government some P4 million in unpaid taxes, but the amount was reduced because the company is also covered by Manila's tax amnesty program, Leonen said.
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The lift order was signed by Manila Mayor Isko Moreno shortly after the Bureau of Permits and Licenses Office confirmed that the mall has "substantially complied with the deficiencies/violations noted in the Closure Order in relation to the operation of your business."
"You are hereby warned and reminded that any future similar violation or any other violation of the terms and conditions of the business permit may constraint this Office to take similar action or may lead to the revocation of your permit," the order read.
Moreno on Wednesday served the closure order and padlocked the decades-old mall after authorities found that there were several misdeclarations in its 2019 business permit.
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