^

Nation

BIR seizes cigarettes with P8.5 billion tax liability

Louise Maureen Simeon - The Philippine Star
BIR seizes cigarettes with P8.5 billion tax liability
The BIR simultaneously raided a factory in Bulacan and three warehouses in Valenzuela City where illicit cigarettes and unregistered machines were found on Nov. 6.
Businessworld / File

MANILA, Philippines —  The Bureau of Internal Revenue (BIR) has confiscated 11.5 million packs of illicit cigarettes with an estimated tax deficiency of P8.54 billion.

The BIR simultaneously raided a factory in Bulacan and three warehouses in Valenzuela City where illicit cigarettes and unregistered machines were found on Nov. 6.

The raided establishments are believed to be part of a criminal ring, the BIR said.

BIR Commissioner Romeo Lumagui said this was the largest illicit cigarette operation conducted this year.

The agency also confiscated raw materials, cigarette-making and packing machines.

Six Chinese nationals were arrested during the operation.

The BIR continues to target large-scale cigarette traders as the government is losing billions in taxes from the illicit trade of the commodity.

BIR

Philstar
  • Latest
  • Trending
Latest
Latest
abtest
Recommended
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with