By Chino Leyco
The Bureau of Internal Revenue (BIR) is looking at cancelling the license to operate of the Mighty Corp. while preparing several tax complaints against the embattled cigarette company.
BIR Commissioner Caesar R. Dulay said they are looking at filing a separate P27 billion to P30 billion case against the Wongchuking-owned company for the fake cigarette tax stamps seized in Mighty Corp.’s warehouses in Bulacan.
“There’s a violation of the tax code, we’re also looking into that,” Dulay told reporters when asked if the BIR is considering the cancellation of Mighty Corp.’s permit to operate.
Earlier, the Bureau of Customs suspended Mighty Corp.’s importation permit following a series of raids on the cigarette company’s warehouses in Pampanga.
Dulay said the BIR may file three or more tax cases against the homegrown tobacco manufacturer, adding they are now in the process of building the case.
But the BIR chief said the government could enter into a settlement with Mighty Corp. once the case is filed with the court.
“The President is correct that tax cases can be compromised. Finance Secretary Carlos G. Dominguez III is also correct that there should be a case before they can be compromised. They have to go through the process,” Dulay said.
But he added that the criminal aspects of the case is for the courts to decide.
“The Bulacan raid is three times of the Pampanga warehouse, so that’s times three—were looking around P27 billion to P30 billion using the same computation [we used for the first case],” the BIR chief said.