PRESIDENT Rodrigo Duterte has directed the Department of Finance (DoF) and the Bureau of Internal Revenue (BIR) to accept the P25 billion tax settlement offered by local cigarette maker Mighty Corp.

"I have directed the DoF and BIR to accept Mighty Corp.'s offer of P25 billion to settle its tax liabilities," President Duterte said in his second State of the Nation Address in Congress on Monday.

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