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BIR tobacco tax take ahead of 2020 pace after JTI expansion

BIR tobacco tax take ahead of 2020 pace after JTI expansion
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What's Now, What's New, What's Next in Business – Manila Bulletin

Published February 1, 2021, 8:00 AM
This is part of a series of profiles on a new generation of leaders, thinkers, creators, innovators, and trailblazers across many fields in the country. The list is drawn under the theme “What’s Now, What’s New, What’s Next” in celebration of Manila Bulletin’s 121st anniversary as an exponent of Philippine progress.
Michelle Tiu Lim: An heiress leads Mega Global journey
By Bernie Cahiles-Magkilat
Michelle Tiu Lim was raised by a strong mother, who gave her the strength to lead the country’s largest sardines manufacturing firm Mega Global Corporation.
“I can say that being a woman did not hinder me from taking on the challenging role of the COO,” said Michelle. ....

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BIR raises alarm over security of seized fake cigarettes

Published January 13, 2021, 3:05 PM
The Bureau of Internal Revenue (BIR) has raised alarm over the security of seized fake cigarettes and manufacturing equipment which were ordered by a court to be returned to a suspected illicit trader.
The confiscated Two Moon and Soho cigarette packs that do not carry information on the country destination, details of manufacturer, and tax stamps as proof of payment as required by law. The master cases in the background are also unmarked contrary to law requirements that the boxes must bear the cigarette brand name.
The agency was slapped with an injunction by the Court of Tax Appeals following its raid of GB Global Exprez Inc., a cigarette company located at the Angeles Industrial Park in Pampanga which is supposedly engaged in the export of cigarettes. ....

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