Mighty Corp

Mighty Corp

JTI Mighty takeover to raise ‘sin’ tax take by P40-B in 2018

Mighty Corp., a Bulacan-based cigarette manufacturer, sold its assets to JTI to be able to pay off its tax liabilities. With the approval of President Duterte, the DOF and BIR accepted Mighty Corp.'s P25-billion settlement offer.
Business Philippines
The government stands to gain almost P40 billion in additional revenues from the “sin” tax on tobacco products starting  in 2018, following the Japan Tobacco International (JTI) takeover of ...
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