(Eagle News) — The Department of Justice has granted the Bureau of Internal Revenue’s motion to withdraw the tax evasion complaints against Mighty Corporation.
This was after President Rodrigo Duterte said he had directed the BIR and the Department of Finance to accept the company’s P25-billion offer to settle its tax liabilities.
In its two-page resolution, the DOJ noted that the National Internal Revenue Code “recognizes the authority of the Commissioner of the Bureau of Internal Revenue to compromise, abate, and refund or credit taxes, and to compromise criminal violations except those already filed in court or those involving fraud…” and that the parties to the cases “are not opposed to the prayer for withdrawal of the complaints.”
As such, “it behooves this Office to grant the motion if only to promote the greater interest of the parties involved,” the DOJ said.
It added the motion dated July 20, 2017 praying for the remand and reinvestigation of the cases and the submission dated Sept. 7, 2017 filed by the lawyers of Mighty Corporation “are hereby rendered moot and academic.”
President Duterte made the announcement about the government’s acceptance of Mighty Corp.’s settlement in July.
Duterte had said the “biggest tax settlement on record” will “allow the government to avoid a long battle that….would take years to resolve.”