BIR blocks P 461M in potential tax losses from hot tobacco

The Bureau of Internal Revenue (BIR) blocked over P400 million in potential tax losses through major raids on illicit cigarette operations in Pampanga. The BIR seized counterfeit excise stamps and tens of thousands of untaxed cigarette packs. In a statement, the agency said it protected an estimated P460.98 million in foregone revenue after enforcement operations