The Bureau of Internal Revenue (BIR) has filed a criminal complaint with the Department of Justice against tobacco firm Mighty Corporation over alleged violations of the National Internal Revenue Code of 1997. 18-Koronadal City armed with mission orders conducted an on-the-spot surveillance and inventory of cigarette products stored in the warehouse that was leased to Mighty Corporation. The stamps were identified as fake since they did not contain one of the multi-layered security features of a valid internal revenue stamp. The alleged act, the BIR said, resulted in the company evading payment of the correct excise tax, making Mighty Corporation liable to pay an estimated aggregate deficiency excise tax liability totaling P1.39 billion, inclusive of increments. The case is the third against Mighty Corporation that has only one BIR-registered production plant located at 55 McArthur Highway, Barrio (now Barangay) Tikay, Malolos, Bulacan.

Source: Manila Times May 27, 2017 15:33 UTC