Pacquiao seeks settlement of tax case

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The Bureau of Internal Revenue (BIR) is negotiating with the camp of Sen. Emmanuel “Manny” Pacquiao for the possible settlement of his P2.2-billion tax case, according to Internal Revenue Commissioner Caesar Dulay.

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Dulay made the disclosure on Monday, the last day of the filing of income tax returns in Quezon City.

Asked to comment on the statements of President Rodrigo Duterte on the tax evasion cases of some business tycoons like Lucio Tan, Dulay said there were some personalities seeking to reach a compromise with the BIR.
“For example, the lawyers of Senator Pacquiao. We all know that he has an existing tax case so we are in a discussion,” he told reporters.

“We are still in negotiation. If I were to be asked, I hope [that there will be a settlement]. They said they’ll come
and see me again and I hope they do it fast,” he said.

The BIR filed a P2.2-billion tax liability case against Pacquiao, accusing him of not paying correct taxes in 2008 and 2009.

The BIR said the tax liabilities stemmed partly from Pacquiao’s failure to present proper documentation of his tax payments to the Internal Revenue Service (IRS) of the United States.

The case is now pending at the Court of Tax Appeal.

Dulay said the negotiation with Pacquiao reflected the BIR’s effort to encourage taxpayers to avail themselves of the compromise program of the bureau.

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2 Comments

  1. He is trying to scam the government as surely he can supply the information showing what he actually made from fighting in those 2 years. Its a very simple formula, you take your gross earnings, subtract your legal expenses & times it by the percentage tax rate. His accountants will surely know that. So knowing the problem & how easy it is to solve leads me to the conclusion he doesnt want to pay his legitimate taxes. Why not. The normal worker who makes millions or even billions less than manny does, have to pay their taxes. Then im sure the philippines has a charge on late payments. How on earth can these cases drag on for year after year when they are so easily solved.

  2. dating magna-nakaw on

    People that have paid taxes to the IRS of the United States, should be able to get a copy of the form that shows how much was earned, where it was earned, and how much taxes was paid to the IRS. It seems like Paquiao did not pay any U.S. Taxes in 2008 and 2009, most likely the money he earned in Las Vegas, or his shares on “pay per view” and money he collected from his sponsors, such as NIKE. He failed to present documentations of his tax payments to IRS in the US for the years 2008 and 2009? How can he produce a copy of his tax payments if he did NOT pay any taxes on these inclusive years? The IRS should insists to get the P2.2 Billion minimum, because if the compounded interest rates is applied to the P2.2 Billion from 2008 to present, Hay sus Ginoo, medyo mabug-at na!