BIR suspends issuance of closure order after Megaworld expresses full cooperation

The Bureau of Internal Revenue has halted the issuance of closure order against Megaworld Corp. after the property arm of ultra bilyonaryo Andrew Tan committed to comply with its tax obligations.
The BIR earlier requested media coverage on the issuance of closure order against Megaworld on May 18.
Andrew Tan’s Megaworld faces closure order
” The activity (May 18, 2022) is being held in abeyance until further notice. Representatives from Megaworld Corp. manifested their full cooperation with all the requirements of the BIR,” said BIR Regional Director Eduardo Pagulayan Jr. in a new statement issued to the press.
Megaworld issued a separate statement, saying it has already resolved the issue with the BIR.
“We have already reached out to the concerned BIR Regional Office and the matter has been clarified and resolved,” said Francis Canuto, compliance officer and corporate information officer at Megaworld.
“Megaworld continues to fully support government’s revenue programs,” he added.