Megaworld clarifies tax issues after BIR’s closure advisory

Megaworld Corporation

Andrew Tan’s Megaworld Corporation has clarified that it has no outstanding or unpaid past tax liabilities needing any enforcement action, according to a PhilippinesToday.ph report.

The PSE-listed company made the announcement after the Bureau of Internal Revenue (BIR) issued a media advisory stating that it would issue a closure order against Megaworld at the property giant’s main office in Bonifacio Global City.

“[Megaworld] is being regularly audited by the Large Taxpayers Services of the BIR Head Office, and all its tax returns up to taxable year 2020 have been examined and all previous deficiency assessments have already been paid for by the company and duly cleared by the BIR Head Office,” according to the company’s official announcement.  Read full story…