BIR: 4 ‘ghost’ companies denied gov’t P25B in taxes

📆 17-3-2023 03:50:00
📰 inquirerdotnet

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The Bureau of Internal Revenue filed criminal complaints at the Department of Justice against four “ghost corporations” selling fake receipts that deprived the national government of some P26 billion in revenues for the years 2019-2021. /PDI

They are facing complaints for alleged violation of Sections 254 , 255 , and 267 of the National Internal Revenue Code of 1997, also known as the Tax Code.

“This syndicate establishes a corporation. So if you look into it, the corporation is registered. They obtain receipts that are actually registered, but the transactions are fake,” he added. The BIR said that after the raid, an investigation showed that the ghost corporations were only established for the sole purpose of selling fictitious sales invoices and receipts to their buyers for the claim of false and anomalous purchases.

In 2022, BIR collections increased by 12.4 percent to P2.34 trillion from P2.08 trillion a year earlier. In November 2022, the BIR raided a warehouse in Manila where they found millions of pesos worth of illegal vape products.

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BIR files complaint vs. ghost companies with P25B tax liabilityThe Bureau of Internal Revenue (BIR) on Thursday filed criminal complaints  against four “ghost” corporations involved in fake transactions with legitimate businesses for the evasion of taxes which resulted in revenue loss of P 25.5 billion.
Bron: gmanews - 🏆 11. / 68 Lees verder »