Records with the BIR will confirm that Megaworld has no outstanding or unpaid past tax liabilities needing any enforcement action. It is being regularly audited by the Large Taxpayers Service of the BIR Head Office, and 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 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.
For pending tax audits, the company 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.