Trading company faces charges over fake receipts

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Bureau of Internal Revenue Commissioner Romeo Lumagui Jr. said Thursday the agency filed criminal cases before the Department of Justice against the corporate officers and accountant of a trading company for using P200,557,697.25 worth of fake receipts.

“The use of fraudulent receipts, whether it be fake receipts or ghost receipts, is tax evasion. This case is particularly deceitful because it was the company accountant which provided for a way to get fake receipts,” Lumagui said. “As early as 2023 we have warned business owners not to follow the advice of crooked accountants. The BIR will make sure you will share a jail cell with them,” Lumagui said.The corporate officers and accountant of the trading company would face a set of criminal cases, including the owners of the fake business who provided the fake receipts.

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