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 Dasmariñas 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

Bacoor Police Arrest 8 PNP Officers in Laguna Accused of Raping Teen During Raid

BACOOR, Cavite — Eight police officers were arrested Saturday after being accused of raping a Grade 9 student and...

Kawit LGU, Sinisingil ng COA sa P3.3 Milyon na ‘Inutang’ mula sa Trust Fund

Kawit LGU, Sinisingil ng COA sa P3.3 Milyon na 'Inutang' mula sa Trust Fund KAWIT, CAVITE – Isang malaking halaga...

SM City Dasmariñas Launches “Ribbons and Rhythm,” First Leg of SM South Luzon’s Grand Musical Christmas Play

Dasmariñas, Cavite — SM City Dasmariñas officially launched SM South Luzon’s Grand Musical Play, “Ribbons and Rhythm,” on Saturday,...

Ex-Mayor ng Kawit, Cavite, pinag-utos panagutan anomaliya ng P6.2-M office supplies

Inirekomenda ng Commission on Audit (COA) sa Municipal Mayor ng Kawit Angelo Aguinaldo na ayusin ang anomaliya ng ₱6.2...
- Advertisement -spot_imgspot_img

Grab launches digital drive to boost Cavite’s rise as a Philippine tech hub

Cavite – Ride-hailing and delivery giant Grab launched a program on Tuesday to accelerate the digitalization of small businesses...

Cavite Rep. Barzaga Subpoenaed Over Sedition, Rebellion Complaints

The Department of Justice has issued a subpoena to Cavite 4th District Rep. Francisco "Kiko" Barzaga to face complaints...

Must read

New Road in Cavite Aims to Ease Congestion, Spur Development

DASMARIÑAS, Cavite— A new spur road is under construction...

Offset Shares a Video of Cardi B Giving Birth to Baby Kulture

What was expected of her was the same thing...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you