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

Police Officer Killed in Dasmariรฑas Drug Operation; Alleged Drug Group Leader Arrested

DASMARIร‘AS CITY, Cavite โ€” A police officer was killed after being shot by one of four drug suspects, including...

7 Suspects Rob GMA Cavite Jewelry Shop of P25 Million in Cash, Jewelry

7 Suspects Rob GMA Cavite Jewelry Shop of โ‚ฑ25 Million in Cash, Jewelry GENERAL MARIANO ALVAREZ, Cavite โ€” Seven armed...

Three candidates to vie in Dasmariรฑas special congressional election

DASMARIร‘AS CITY, Cavite โ€” Three candidates will compete in the special election for the lone congressional district of Dasmariรฑas...

Century-Old Kaibigan Bakery in Tanza Halts Operations Amid Fake Product Issues

TANZA, Cavite โ€” Kaibigan Bakery, one of Cavite's most iconic bakeries, has temporarily suspended its operations and deliveries until...
- Advertisement -spot_imgspot_img

Silang Market Shopper Loses โ‚ฑ20,000 Cash to Pickpocket

SILANG, Cavite โ€” A woman shopping at the Silang Public Market was robbed by a pickpocket Sunday at around...

7 Nonagenarians Receive Cash Incentive from Rosario LGU

SEVEN NONAGENARIANS RECEIVE CASH INCENTIVE, RECOGNITION FROM ROSARIO TOWN GOVERNMENT ROSARIO, Cavite โ€” Seven senior citizens who turned 90 years...

Must read

SM Retail to Hold Job Fair in Dasmariรฑas on May 27

DASMARIร‘AS CITY, Cavite โ€” SM Retail will hold a...

30 tons of vegetables distributed free in Imus as aid to Benguet farmers

30 tons of vegetables distributed free in Imus as...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you