Megaworld Corp. of tycoon Andrew Tan, the biggest lessor of office spaces, said Wednesday that it has no outstanding or unpaid taxes that justify an action against the company.
“Records with the BIR (Bureau of Internal Revenue) will confirm that Megaworld has no outstanding or unpaid past tax liabilities needing any enforcement action,” said Megaworld in a statement.
The property firm said it is being being regularly audited by the Large Taxpayers Service of the BIR head office.
It noted that all its tax returns up to taxable year 2020 have been examined, and that all previous deficiency assessments have already been paid for by the company and duly cleared by the BIR head office.
Megaworld also said it has not received any closure order duly approved by the Commissioner of Internal Revenue.
“There was an initial disagreement with the BIR Regional Office 8-B after we raised some issues with regard to their jurisdiction on conducting tax audit of some of our properties, but the matter has been clarified and resolved yesterday,” Megaworld said.
On pending tax audits, Megaworld vowed to fully cooperate with tax authorities in accordance with their mandate to collect badly needed revenues for the government.
The BIR on Tuesday announced a media briefing on the planned closure order against the property developer.
The planned briefing, however, was suspended after representatives from Megaworld expressed their full cooperation with all the requirements of the BIR.