All these are non-issues to me! Andrew Tan fumes as he tells Congress BIR’s closure order is out of line

Ultra bilyonaryo Andrew Tan made a rare appearance in a Congressional hearing to lecture the Bureau Internal Revenue (BIR) after the agency’s aborted attempt to shut down his property company Megaworld Corp. (MEG).
READ: Mega showdown set: Andrew Tan to face off with BIR officials in House hearing
The usually calm and collected Tan was visibly trying to keep his cool in check as he explained why he believed the BIR’s audit on Megaworld’s Taguig property sales was a “redundant tax probe.”
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“As developers, we pay corporate income tax based on the net income of our real estate development. That creditable withholding tax is just a portion of that bigger tax. The final accounting is the corporate income tax which has been investigated by the large taxpayer [unit of the BIR] for the last 20 years and this is where a more comprehensive investigation can be done,” said Tan via Zoom with his son Kevin beside him.
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“These (creditable withholding taxes) are just temporary. It is just a measure for the government to collect income tax in advance, it is not a capital gains tax, not a final tax,” he added.
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Tan said there was no logic to the BIR’s special probe because Megaworld dealt with the same regional officer verifying every tax payment before a title could be registered or transferred.
READ: Andrew Tan’s Megaworld faces closure order
“They are doing that job and now they want to audit their own job. That defies logic. It should be the national office, the large taxpayers. That is what we raised to Commissioner Dulay and well before it was even resolved, here comes this action. We are waiting for (BIR) Commissioner (Caesar) Dulay to resolve it because this exercise is unnecessary,” said Tan.
Tan also called the issues raised by the BIR, specifically the non remittance of taxes and different names on titles, against Megaworld as “petty.”
Tan said it was common for buyers to change during the course of the multi-year installment payment of their condos or lots because the original buyer might decide to give the property to their kin or flip it to other investors because they couldn’t continue with the monthly payments.
Megaworld said it received 26 letters of authority on April 20 from BIR Regional Office 8-B led by Eduardo L. Pagulayan and Deputy Commissioner Arnel Guballa for a special audit on five condominium projects in Bonifacio Global City that were built from 2014 to 2021.
Megaworld wrote Dulay the following day questioning Pagulayan’s special audit due to “jurisdictional overlap” since the company was under the large taxpayers division.
Pagulayan’s office replied on April 25 denying Megaworld’s objection and reiterated its demand to open its books.
On May 5, BIR raised the matter to Finance Secretary Sonny Dominguez and BIR’s Dulay to demand due process and resolve the jurisdictional issue.
On May 17, Pagulayan invited media to attend a press conference on BIR’s closure order on Megaworld (Pagulayan told Congress the letter invite was leaked) which spooked stock market and bond investors.
Three days later, Dominguez and Dulay ordered the suspension of all special audits, including the Task Force of Pagulayan, to resolve the confusion on jurisdiction issues.