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BIR loses P29M

The Bureau of Internal Revenue (BIR) has lost its bid to collect P29-million in back taxes from a distributor of animal health care products for cutting the process in the serving of tax assessment and collection notices.

The Bureau of Internal Revenue (BIR) filed yesterday another P26.9-billion tax evasion case against Mighty Corporation (MC) and its four key officials for alleged unlawful possession of huge cache of untaxed cigarettes stored at its warehouses in San Ildefonso, Bulacan.

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The Duterte administration has rolled out a strategy of launching a massive infrastructure program which his economic planners believe will be the linch pin to a sustained and inclusive growth.

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The Bureau of Internal Revenue (BIR) has filed tax evasion charges against six Manila businessmen and a lot seller for allegedly ignoring a string of collection notices sent to them to settle delinquent accounts totaling to more than P640 million.

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Justice Secretary Vitaliano Aguirre II said yesterday tobacco producer Mighty Corporation should pay in full the P3-billion compromise tax deal being offered by President Duterte if it wants the dismissal of the P9.5-billion tax evasion case.

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Commissioner Caesar Dulay of the Bureau of Internal Revenue has reminded individual and business taxpayers that they have until today to file their 2016 Income Tax Returns.

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