Malampaya fund contractor, gasoline dealer, power firm face P310-M tax evasion charges

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The Bureau of Internal Revenue (BIR) slammed tax evasion and income tax returns (ITR) misdeclaration charges to 2 firms and an individual under the Department of Justice on Thursday amounting to P310 million tax deficiencies.

In a series of statements, the BIR said that the 3 entities filed with tax evasion charges and misdeclaration violated the amended Tax Code, or the National Internal Revenue Code of 1997.

One of the three violators, BCT Trading and Construction (BTC) head Bella Tiotangco, evaded a total of P277.2-million tax liability in 2008, and misdeclared a total of P401.48-million 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 ITR, which was cut off by P233.71 million or 139 percent from the original profits 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 tax evader, gasoline dealer White Gold Premium President Rowena Rose Villavicencio, did not settle her P30.7 million ITR for 2006 after several notices forwarded 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.

Further, power firm Yoshimoto Pole Construction Philippines Inc. and its president Florante Galinato also failed to settle its ITR for the year 2002.

The company failed to pay the P1.8-million income tax deficiency before the BIR “despite repeated demands.”

The BIR, with their Run After Tax Evaders (Rate) program, continued its intensified tax collection to raise funds for the government budget for their projects of inclusive growth, infrastructure spending as well as the recent concern of rebuilding Visayas in the wake of the Typhoon Yolanda (Haiyan).

Business chambers and leaders earlier said that the Philippines need to search for means of resources to fund development projects of the country, which the government answered with stricter tax collections—particularly sin tax collections—throughout the Aquino administration that also hiked tax collections for the past months. KRISTYN NIKA M. LAZO

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