The Bureau of Internal Revenue (BIR) filed two criminal complaints against an Iligan city-based cargo company for willful failure to pay taxes.
The agency filed the complaints against Iligan Cargo Masters, Inc. with the Department of Justice for violating provisions of the National Internal Revenue Code of 1997, as amended Tax Code.
The individuals charged as responsible corporate officers were its Chief Executive Officer and Vice-President Serafin Feraren, Chief Operating Officer Arvee de los Reyes and Chief Financial Officer Pablo Buot.
ILIGAN Cargo is a domestic corporation registered with the Securities and Exchange Commission and is engaged in the business of total logistics solution, which include arrastre, stevedoring, and other port related services.
The respondents were assessed with deficiency tax liabilities amounting to P34.66 million, inclusive of increments, broken down as follows: 2009 – P19.17 million (Income Tax – P9.17 million; Value Added Tax – P9.88 million; and Expanded Withholding Tax – P0.12 million); and 2010 – P15.49 million (Income Tax – P8.52 million; Value Added Tax – P6.66million; and Expanded Withholding Tax – P0.31 million).
The BIR Cagayan de Oro City office records showed that the respondents were served Letters of Authority, Requests for Presentation of Records, Subpoena Duces Tecum, Preliminary Assessment Notices and Formal Letters of Demand. The firm filed motions for reconsideration and reinvestigation but these were denied.
The assessments became final, executory and demandable after the company failed to appeal the denial of said motions.