THE Bureau of Internal Revenue yesterday filed tax evasion cases worth at least P222 million at the Department of Justice against a foundation of a prominent business organization, a wholesaler of paper and paper products and a former member of the board of trustees of the Government Service Insurance System (GSIS).
The BIR filed a P47-million tax evasion case against the Makati Rotary Club Foundation Inc. (MRCFI) and its responsible officers for passing off as a donation part of the revenues from the lease of its 20,063-square meter property in Parañaque.
MRCFI’s 2000 to 2004 lease contract with Fedders Koppel provides for a lease of P4 million for 2000 that increased to P4.9 million by 2004 and an annual donation of P2 million.
The contract covering 2005 to 2009 provided for an annual lease of P4.2 million plus VAT for the five year period plus annual donations. The contract provides for a donation of P3 million for 2005, P3.2 million for 2006, P3.3 million for 2007, P3.6 million for 2008 and P3.9 million for 2009.
The BIR said the records “reveal the clear intention of MRCFI to evade taxes by splitting the payment for the lease into rental and donation.”
Aside from the MRCFI, the BIR is also seeking to charge its chairmen, presidents and treasurers, namely: Felix B. Amparo, Jose A. R. Bengzon III, Federico S. Borromeo, Jr., Larry A. Boyer, Juan J. Carlos, Jr., Ramon T. Diokno, Tomas T. De Leon, Robert F. Kuan, Ricardo G. Librea, Conrado G. Marty, Alfredo B. Parungao, J. Antonio M. Quila, Wellington C. Soong and Jesus F. Tambunting.
The BIR also filed a P162.82-million case against a wholesaler of paper and paper products, Eagle’s Fortune Inc., for violating Section 255 of the National Internal Revenue Code or willfully failing to pay taxes.
The BIR also discovered that Eagle’s Fortune Inc. did not declare at least P181.6 million worth of sales to United Pulp and Paper Co. Inc. and Steel World Manufacturing Corp. The BIR included Eagle’s Fortune Inc.’s general managers, Messrs. Whang Zhi Zin and Alex Ong in its complaint.
The BIR also filed a P12.32-million tax evasion case against Jesus I. Santos, former GSIS board of trustees member. Santos is the third former GSIS board of trustees to be charged for tax evasion for not declaring his actual income.
Published : Thursday May 24, 2012 | Category : National | Views : 16
AN Islamic-friendly and culturally-sensitive curriculum for Muslim learners will be implemented in the Autonomous Region in Muslim Mindanao this June. This was apart from the effort to continue to allot resources to further train Muslim teachers. The curriculum was launched recently in Lamitan City, Basilan. The event was attended by... Read more
Published : Thursday May 24, 2012 | Category : National | Views : 15
By : Jun Pisco
ARREST warrants have been issued against Globe Asiatique (GA) owner Delfin Lee and his co-accused after a judge found probable cause for the syndicated estafa case filed against them, Vice President Jejomar C. Binay said yesterday. Binay, chairman of the Housing and Urban Development Coordinating Council, said Judge Amifaith Fider-Reyes... Read more
Published : Thursday May 24, 2012 | Category : National | Views : 16
By : Joel dela Torre
THE local garlic industry has been affected by the importation of the product from China, the Department of Agriculture said. According to Bureau of Plant Industry director Clarito Baron, garlic growers here are feeling the heat because of the low price of Chinas exports. “Isa yan sa dahilan... Read more
Published : Thursday May 24, 2012 | Category : National | Views : 15
By : Jun Pisco
SIX Brunei peace monitors left for the Philippines to join the 8th International Monitoring Team (IMT) deployed in Cotabato City since May 17, the Department of Foreign Affairs said yesterday. The Brunei contingent, composed of five members of the Royal Brunei Armed Forces and a member of the Royal Brunei... Read more
Published : Thursday May 24, 2012 | Category : National | Views : 14
YOUTH joblessness is almost back at its peak following the outbreak of the global economic crisis and is unlikely to ease until at least 2016, the International Labour Organization warned Tuesday. The ILO said nearly 75 million youths or 12.7 percent of people aged 15 to 24 will be out... Read more
