Home>News>Lumagui: BIR raids 2 QC warehouses with P700m+ Ethyl Alcohol Tax Liability
News

Lumagui: BIR raids 2 QC warehouses with P700m+ Ethyl Alcohol Tax Liability

Ethyl Alcohol warehouse raid

Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. reported that the agency confiscated 390,000 liters of ethyl alcohol, with an estimate unpaid excise taxes above P 700 million. A total of 2 warehouses were raided by the BIR the morning of July 19, 2024 in 2 warehouses located in Balintawak, Quezon City.

“The P 700 million lost in public funds due to the smuggling or non-payment of excise taxes for 390,000 liters of ethyl alcohol, could have been used by the government for its social welfare or infrastructure programs. Tax evaders and smugglers rob the Filipino people of a better future. The BIR commits to stopping these criminals. Expect criminal cases to be filed” Commissioner Lumagui stated.

Ethyl Alcohol warehouse raid

A tipster and covert surveillance of movement of company vehicles led the BIR to the location of the warehouses and its contents. The BIR welcomes all informants that can help provide targets for the different enforcement teams of the agency, including that of excisable articles.

Journal Online
A collection of noteworthy information on various topics from the Philippines and the rest of the world.
https://journal.com.ph