IT marketing firm faces tax evasion case

0

The Bureau of Internal Revenue has filed a case against Omniprime Marketing, Inc., and its officers – President/CEO Annabelle Margaroli and treasurer Michael Frandy Salazar – for willful attempt to evade or defeat tax for 2009 and 2010; deliberate failure to supply correct and accurate information in its Annual Income Tax Returns (AITR) for the same years; and willful failure to supply correct and accurate information in its Quarterly Value Added Tax Returns (QVATR) for 3rd and 4th quarters of the same years, in violation of Sections 254 and 255 in relation to Sections 253(d) and 256 of the National Internal Revenue Code of 1997, as amended (Tax Code). The case was filed before the Department of Justice. Omniprime, originally registered as Lea Vitt Leisure, Inc., is engaged in the marketing and EXIO mobile scanner Information Technology, among others. It said that Omniprime is liable to pay an estimated aggregate deficiency tax liability amounting to P13.45 million, inclusive of surcharges and interests, broken down into: 2009 – P11.93 million (Income – P8.44 million and VAT – P3.49 million); and 2010 – P1.52 million (Income – P0.864 million and VAT – P0.654 million).

Share.
.
Loading...

Please follow our commenting guidelines.

Comments are closed.