(Updated 6:01 p.m., Oct. 6) The Department of Justice (DOJ) has dismissed the three tax evasion complaints worth a total of P37.9 billion against tobacco company, Mighty Corp., after the Bureau of Internal Revenue (BIR) decided to withdraw its charges. The department’s decision came almost three months after President Rodrigo Duterte ordered the BIR and the Department of Finance to accept Mighty’s P25-billion tax settlement offer. ADVERTISEMENT“We consider this case as closed and the government of the Philippines richer by P40 billion, including taxes,” Aguirre said. The BIR had filed three tax evasion complaints against Mighty and its top executives for a total of P37.9 billion in unpaid excise taxes for allegedly using fake tax stamps. The tax settlement, Duterte said in his second State of the Nation Address, would be used to rehabilitate the war-torn Marawi City and Ormoc City, which was recently damaged by a 5.1-magnitude quake.

Source: Philippine Daily Inquirer October 06, 2017 06:17 UTC