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Megaworld: No unpaid tax liabilities

BY GILBERT P. BAYORAN

Megaworld Corporation yesterday said that it has no outstanding or unpaid past tax liabilities, based on records of the Bureau of Internal Revenue.

It is being regularly audited by the Large Taxpayers Service of the BIR Head Office, 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, Megaworld said in a statement.

Megaworld further said that it has not received any closure order duly approved by the BIR Commissioner.

While there was an initial disagreement with the BIR Regional Office 8-B, in connection with some issues regarding jurisdiction and the conduct of tax audit on some of its properties, the company said that the matter has been clarified and resolved on May 17.

For pending tax audits, the Megaworld said it continues to maintain its stance of full cooperation with the tax authorities in accordance with their mandate to collect badly needed revenues for the government.*

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