The Bureau of Internal Revenue (BIR) on Thursday filed before the Department of Justice tax evasion charges worth a total of P310 million against two firms and an individual.
In a series of statements, the BIR said that the two firms and sole allegedly violated the amended Tax Code, or the National Internal Revenue Code of 1997.
BCT Trading and Construction (BTC) head Bella Tiotangco, allegedly had a P277.2-million tax liability in 2008, and misdeclared a total of P401.48 million in income from infrastructure projects funded by the Malampaya funds.
Of the total P401.48-million revenues of the BTC from several infrastructure projects funded by Malampaya fund, Tiotangco only declared a total of P167.77-million gross revenue in her income tax return (ITR), which was off by P233.71 million, or 139 percent from the revenues actually gained in 2008.
Tiotangco’s P277.2-million tax liability included income taxes of P181.3 million and value-added tax charges of P95.9 million.
Another alleged tax evader, gasoline dealer White Gold Premium president Rowena Rose Villavicencio, did not settle P30.7 million in tax liabilities for 2006 after several notices given to her by the BIR.
“Despite such fact of finality and the exhaustion of administrative remedies, Villavicencio still failed to pay the deficiency taxes due . . . [this]constitute the crime of willful failure to pay the taxes due to the government,” the BIR said.
Villavicencio’s P30.7-million tax deficiencies consisted of P1.3-million income tax, P29.4-million VAT and P12,535.73 expanded witholding tax.
Meanwhile, power firm Yoshimoto Pole Construction Philippines Inc. and its president, Florante Galinato, also failed to settle taxes for 2002.
The company failed to pay its P1.8-million income tax deficiency before the BIR “despite repeated demands” from the bureau.