Business and InvestmentBIR Seizes P5.4 Billion Worth of Illicit Cigarettes in...

BIR Seizes P5.4 Billion Worth of Illicit Cigarettes in Major Cavite Raid

-

- Public Service Reminder -spot_img

In a major operation, the Bureau of Internal Revenue (BIR) has seized approximately PHP5.4 billion worth of illicit cigarettes from three warehouses in Cavite.

This is considered one of the largest operations against illicit goods in the history of the BIR.

The BIR, in a statement released on Monday, estimated that the confiscated cigarettes have resulted in a tax liability of PHP5.4 billion.

The items seized by the BIR personnel included master cases of cigarettes, sacks of tobacco, and counterfeit BIR stamps.

“This is one of the largest raids against illicit cigarettes in the history of the BIR, with an estimated total tax liability of PHP5.4 billion.

The BIR will continue to target these large-scale illicit cigarette traders. We advise everyone to register their cigarette operations with the BIR and to pay the proper excise taxes on those products,” said BIR Commissioner Romeo Lumagui Jr.

He further added, “The BIR aims to protect legitimate businesses. So, if you register and pay your proper taxes, your businesses will be compliant. We want a level playing field, so we protect registered businesses and raid illicit trade.”

The culprits who own the warehouses in Dasmariรฑas and Indang, Cavite, will face criminal and civil cases for violating the National Revenue Code.


Discover more from Cavite News

Subscribe to get the latest posts sent to your email.

cavite.news
cavite.newshttps://cavite.news
We, the people of Cavite, recognize that in order to achieve our goals and aspirations, we need to be empowered and well-informed of the news and events that affect us and our cities and towns. We need to have access to accurate, relevant, and timely information that will enable us to make informed decisions and take appropriate actions.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

21 involved in hazing death of Cavite student

CAMP GEN. PANTALEON GARCIA, Cavite โ€” Twenty-one individuals are believed to have been involved in the death of a...

Armed Gang Hits Motorcycle Shop, Steals ATM Kiosks From 3 Cavite Towns in One Night

Armed Gang Hits Motorcycle Shop, Steals ATM Kiosks From 3 Cavite Towns in One Night Armed men robbed a motorcycle...

Man’s Decomposed Body Found in Indang River

INDANG, Cavite โ€” The decomposed body of a man was found Sunday in a rocky section of a river...

Police Probe Hazing Death of Maritime Student in Cavite

CAMP BGEN PANTALEON GARCIA, Imus City, Cavite โ€” Authorities are investigating the death of a 19-year-old maritime student as...
- Advertisement -spot_imgspot_img

New Food Park Opens in General Trias, Offering 50 Stalls and Al Fresco Dining

GENERAL TRIAS, Cavite โ€” A new outdoor food park has opened along Arnaldo Highway, offering residents of General Trias...

Cavite plumber returns P2,000 mistaken GCash transfer meant for grandmother’s medicine

Cavite plumber returns โ‚ฑ2,000 mistaken GCash transfer meant for grandmother's medicine ROSARIO, Cavite โ€” A local plumber drew widespread praise...

Must read

Noveleta Eatery Offers Community Space, Bulalo With a Story

NOVELETA, Cavite โ€” A small restaurant in this historic...

Cavite Street Vendor Perseveres With Humble Fruit Cart

TANZA, Cavite โ€” Bernardino Verdejo, 40, rises before dawn...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you