Questionable tax payment of steel manufacturer

A steel company based in Pampanga reportedly paid only a few hundred thousand pesos in taxes in 2012 based on its corporate tax return filed at the Bureau of Internal Revenue (BIR) district office in Pampanga.

In its 2012 return, the SKK Steel Corp., whose plant is in San Simon, Pampanga paid only P370,391.51 worth of taxes for the reported millions it earned on the same year.