Finance chief backs tax probe on Mighty Corp

ABS-CBN News

Posted at Jan 25 2017 05:48 PM

MANILA - Finance Secretary Carlos Dominguez said Wednesday he supported the Bureau of Internal Revenue's decision to investigate Mighty Corp. and other cigarette makers for alleged use of fake tax stamps.

Dominguez said BIR Commissioner Cesar Dulay "did the right thing" when it initiated the inquiry on the Bulacan-based company.

"This is a matter of serious concern and I'm instructing the BIR to tighten monitoring and enforcement," Dominguez said in a statement.

In 2016, the BIR and the Bureau of Customs seized P1 billion in fake cigarettes and P175 million in fake tax stamps.