Tax evasion filed vs bank official, client


The Bureau of Internal Revenue (BIR) filed a complaint against Planters Development Bank (PDB), its Senior Vice President Jose Acetre and its client for alleged tax evasion in violation of the Tax Code. Likewise named in the charge sheet was Willingthon Lim, the buyer in the subject transfer of land. Investigation showed that Lim obtained a loan from PDB in the amount of P5.2 million, which he fully paid on Nov. 16, 2009, for which PDB issued an Official Receipt. However, supporting documents showed that PDB and Lim colluded in executing the deed of absolute sale with a later date, Nov. 16, 2015, when in fact and in law, there was already a cash sale on Nov. 16, 2009 to evade the payment of applicable penalties in the amount of P959,581.35.


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