BIR files tax evasion case against Mighty Corp.

enablePagination: false
maxItemsPerPage: 10
totalITemsFound:
maxPaginationLinks: 10
maxPossiblePages:
startIndex:
endIndex:

Metro Manila (CNN Philippines) — The Bureau of Internal Revenue filed a P9 billion tax evasion case against Mighty Corporation, Wednesday.

The tobacco-processing and cigarette company is accused of violating Sections 263 and 265 of the National Internal Revenue Code of 1997, or the failure to pay excise tax and illegal use of tax stamps.

The respondents are Mighty President Ret. Lt. Gen. Edilberto Adan, Executive Vice President and Retired Judge Oscar Barrientos, Vice President for External Affairs Alexander Wongchuking, and treasurer Ernesto Victa.

The Bureau of Customs found over P2.2 billion worth of Mighty products allegedly carrying fake tax stamps in a series of raids in San Isidro, Pampanga in late February.

Each pack of cigarette costs P30 in excise tax.

READ: Customs files administrative case in SC vs Manila judge over Mighty Corp TRO

The company earlier agreed to pay tax liabilities worth P3 billion, Justice Secretary Vitaliano Aguirre said.

READ: Cigarette maker Mighty Corp. agrees to pay ₱3B in owed taxes — Aguirre

In an inventory, almost 87.5 percent of 33 million cigarette cases of Mighty Corp. were found to have fake stamps.

Early in March, President Rodrigo Duterte ordered the arrest of Wongchuking for economic sabotage.

READ: DOJ issues lookout order against local cigarette company officials in alleged smuggling