EXCERPT

THE issuance of a closure order against Megaworld Corp. has been "held in abeyance" by the Bureau of Internal Revenue (BIR).

"The activity tomorrow (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 Bureau of Internal Revenue," BIR Regional Director Eduardo Pagulayan Jr. said in a media advisory on Tuesday.

This is after the tax agency created a stir earlier in the day by requesting media publicity for the said issuance.

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