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» » » BIR Filed Tax Evasion Case Against CDO Based Company

Friday, June 17, 2016 0

The Bureau of Internal Revenue (BIR) filed tax evasion cases before the Department of Justice (DOJ) against a general merchandising company based in Cagayan de Oro City and a construction company located in Angeles City, Pampanga.  Kevin Enterprises, Inc., engaged in the selling of general merchandise and a grocery store, with its president, Benjamin Tan and treasurer, Maribel Tan was assessed with tax liability for 2011 amounting to P22.92 million, broken down to Income Tax – P6.87 million and Value Added Tax – P16.05 million. Meanwhile, R.P. Tayag Builders and its owner, Ricardo Pangilinan Tayag III, was assessed an estimated aggregate tax liability for year 2013 amounting to P7.16 million, inclusive of surcharges and interests: Income Tax – P5.17 million and VAT – P1.99 million. BIR records showed that Tayag only filed his ITR for taxable years 2009, 2013 and 2014. Investigators discovered that Tayag managed to acquire substantial amount of real properties worth several millions despite declaring no income. Source

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