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Monday, August 13, 2007

 

QC reminds malls to issue receipts


THE Quezon City government has warned all shopping malls especially the big ones to make sure that all their tenants issue official receipts to their customers or they would face sanctions.

City treasurer Victor Endriga said owners of big shopping malls will also be held liable if one of their tenants were caught violating City Ordinance 1663.

The ordinance, which was approved by the City Council, gives the city treasurer the authority to penalize entrepreneurs that fail to issue receipts.

Endriga said that Section 20 of the QC Revenue Code of 1993 authorized the city treasurer to “examine the books of accounts and other pertinent records” of any entities subject to city taxes, fees and charges in order to “ascertain, assess and collect the correct amount to be imposed and collected.”

He added that the ordinance improves the collection of the right and just taxes and counters tax-evasion techniques by unscrupulous business owners.

Earlier, the Treasurer’s Office has investigated 231 business establishments for not issuing receipts to their customers.

Endriga said no establishment—big or small—would be spared. He said they must comply with the ordinance if they want to continue doing business in the city.

“We want to make sure that all taxes from the business establishments in the city are collected properly and (we want to) discourage tax evaders,” Endriga said

Quezon City has the most number of huge shopping centers and malls: SM North Edsa, SM Fairview and SM Centerpoint, the newly constructed Tri-Noma, Robinson’s Mall, Ever Gotesco Mall and the Araneta Center.

Most of these shopping centers have been renting out spaces for boutiques and kiosks.

Endriga said that compelling businessmen to issue proper receipts or sales invoices would benefit the national government, considering that the value-added tax can be properly monitored and collected by the Bureau of Internal Revenue.
--Jefferson Antiporda

   
 

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Severino O. Frayna Jr., Benjie Dela Rosa
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