BIR seizes P516M worth of illicit cigarettes in Valenzuela

MANILA, Philippines — The Bureau of Internal Revenue (BIR) has confiscated over P516.7 million worth of illicit cigarettes in Valenzuela City. In a statement on Friday, the BIR said it specifically discovered and seized 1,274 master cases of illicit cigarettes with an estimated excise tax deficiency of P516,795,424.60, inclusive of penalties and surcharges. READ: BIR warns vs