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MANILA -Bureau of Internal Revenue (BIR) Revenue Region No. 8B-South NCR (National Capital Region) said it has jurisdiction to implement close order against Megaworld Corporation in line with the auditing on the sale of some of the company's properties. In a statement on Friday, the BIR said the enforcement activity which was supposed to conduct on the real estate company last May 18, was "supported by a Revenue Special Order signed by the Commissioner of Internal Revenue." It said, "the investigation involves the verification of taxes on One-Time Transactions (OneTT) on the sale/transfer of properties by Megaworld." "Although Megaworld is considered a large taxpayer under the jurisdiction of the Large Taxpayers Service, BIR National Office, OneTT falls under the jurisdiction of the BIR Regional Offices since the situs of taxation of sale, transfer, and other disposition of real properties is where the property is located," it said. The statement also

Taguig cityCity of taguigRegional officeMegaworld corporationBureau of internal revenueNational officeLarge taxpayer serviceLarge taxpayers serviceNational capital regionInternal revenueRevenue regionRevenue special orderOne time transactionsTax codeManila bureau of internal revenue bir region no 8b south ncr national capital said it has jurisdiction to implement close order against megaworld corporation in line with the auditing on sale some company 39s properties ina statement fridayHe bir said the enforcement activity which was supposed to conduct on real estate company last may 18