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

CIDG seizes 16,492 sacks of suspected illegal imported rice in Cavite warehouse

NAIC, Cavite โ€” Authorities seized about 20 million pesos worth of suspected illegal imported rice in a raid on...

Cavite police stop student from jumping off bridge in Tanza

TANZA, Cavite โ€” Mobile force officers stopped a student who tried to jump off a bridge along Antero Soriano...

Silang, Cavite police officer wins silver at Shotgun World Shoot in Greece

SILANG, Cavite โ€” Police Lt. Col. Andrea "Andeng" Dela Cerna of Silang won a silver medal with Team Philippines...

Dasmariรฑas tops Cavite’s richest local governments; Carmona posts biggest asset growth

Dasmariรฑas tops Cavite's richest local governments; Carmona posts biggest asset growth DASMARIร‘AS CITY, Cavite โ€” Dasmariรฑas City ranked first among...
- Advertisement -spot_imgspot_img

EAC breaks ground on international center at Cavite campus

DASMARIร‘AS, Cavite โ€” Emilio Aguinaldo College's Cavite campus has broken ground on the EAC International Center, a facility meant...

Cavite boy, 4, dies after sedation for CT scan at Philippine General Hospital, parents say

GENERAL TRIAS, Cavite โ€” The parents of a 4-year-old boy who died after being sedated for a CT scan...

Must read

High power bills push Caviteรฑos to turn to solar energy

CAVITE, Philippines โ€” Soaring electricity bills are driving more...

General Trias opens new Unity Park and Civic Center as latest green urban development

GENERAL TRIAS CITY OPENS NEW UNITY PARK AND CIVIC...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you