Builder of INC’s colossal Philippine Arena faces smuggling case
The Bureau of Customs (BOC) on Wednesday said it was running after property developer New San Jose Builders Inc., which allegedly failed to pay taxes for importing construction materials when it built the Iglesia ni Cristo’s (INC) massive Philippine Arena.
In a statement, the BOC said it transmitted a smuggling complaint to the Office of the Solicitor General on Tuesday.
Customs Commissioner Nicanor E. Faeldon also told reporters that New San Jose Builders’ tax dues had reached P1 billion for importing construction materials even as it invoked the tax-free perks under Republic Act No. 9593 or the Tourism Act of 2009. The law gives away incentives to firms within tourism enterprise zones.