Warner Music Philippines faces tax charges

0

The Bureau of Internal Revenue (BIR) filed P407.4-million worth of tax charges before the Department of Justice (DOJ) against four businesses and individuals.

Advertisements

The BIR said that music giant Warner Music Philippines Inc., as well as its president, Ying Chong Wong, and treasurer Cheolette Contreras, have a tax deficiency of P118.3 million based on 2005 income tax returns (ITR).

The other three alleged individual tax evaders were Asia Trend Marekting Inc. and its president, Allan Cristobal, with P56-million tax deficiency in 2007; Twinpeaks Service Center proprietor Diego Martinez with P50.8 million in 2006; and Perseus Commodity Trading owner Manuel Nuguid Nieto with P182.2 million in 2008.

“The respondents’ obstinate failure and continued refusal to pay their long overdue deficiency tax assessments, despite repeated demands, were construed as willful failure to pay the taxes due to the government,” the BIR said.

The alleged tax evaders were charged in accordance to the bureau’s Run After Tax Evaders program.

Share.
loading...
Loading...

Please follow our commenting guidelines.

Comments are closed.