Illicit cigarettes seized in Isabela have P82.33M in tax liabilities – BIR

MANILA, Philippines — The Bureau of Internal Revenue in Cagayan Valley has seized over 100,00 packs of suspected illicit cigarettes with an estimated floor price of P9.02 million but with tax liabilities of at least P82.33 million – P81.8 million in excise tax and P1.53 million in value-added tax, according to a BIR statement on Monday.

By Alexander Magno