BIR files tax evasion case vs ‘ghost’ companies in fake transactions | Jasper Y. Arcalas and Joel R. San Juan

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Several months before Halloween, four “ghost” companies were discovered by the Bureau of Internal Revenue (BIR) that sued their respective executives for tax evasion.

SEVERAL months before Halloween, four “ghost” companies were discovered by the Bureau of Internal Revenue that sued their respective executives for tax evasion.

The BIR chief explained that the modus involves registered companies issuing receipts to another company for a non-existent product or service in order for the latter to avail of tax deductions. The BIR said the four companies, which are all owned by Filipinos, did not have “any legitimate business activity” and were only established “for the sole purpose of selling fictitious sales invoices and receipts.”

They will undergo preliminary investigation for violation of Sections 254 , 255 , and 267 of the National Internal Revenue Code of 1997 . It added that “any person who willfully files a declaration, return or statement containing information which is not true and correct as to every material matter shall, upon conviction, be subject to the penalties prescribed for perjury under the Revised Penal Code.”

 

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