BIR bags P107.7 million in raid on illegal cigarette factory

Quick Summary:

THE Bureau of Internal Revenue (BIR) discovered illicit cigarettes, cigarette-manufacturing machines and raw materials with a total tax liability amounting to P107.757 million in a raid in Cebu on October 3 and 5.

The total tax liability, based on BIR’s estimates, amounted to P143 million.DAR’s P6.

We will protect the legitimate agricultural sector and the thousands of jobs it produces for our Filipino farmers,” Lumagui was quoted in a statement as saying.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Cigarette Illicit Raid P107 Total Internal Lumagui Machines Revenue Cigarettes Section

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 12:52:14 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 422 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23224530

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Main Topics: BusinessStartups

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News Last Updated: 14 hours ago

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