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Tax evasion raps filed vs officers of 2 big corporations, says BIR

admin February 15, 2024

OFFICERS of two corporations will face tax evasion charges after involving in a scheme of illegal purchase, selling and use of “ghost receipts,” the Bureau of Internal Revenue (BIR) said on Thursday.

BIR Commissioner Romeo Lumagui Jr., and the Department of Justice (DOJ) filed charges of violations of the National Internal Revenue Code (NIRC) against five corporate officers and an accountant of Decarich Supertrade Inc. and Redington Corporation in Quezon City courts.

“The BIR under the Run After Fake Transactions Taskforce will not hesitate to file criminal cases against big corporations/syndicates that sell, buy, or use Ghost Receipts,” he said in a statement.

The charges against the unnamed respondents were filed in the Quezon City Regional Trial Court and Metropolitan Trial Court

The company executives were charged with NIRC violations, including tax evasion under Section 254; failure to file tax returns under Section 255; failure to supply correct and accurate information in the tax returns also under Section 255, and making false report in the audited financial statements under Section 257 for the taxable year 2021.

“Decarich Supertrade Inc. and Redington Corporation belonged to the first batch of ghost corporations/sellers whom the BIR filed criminal complaints before the DOJ last year,” the BIR chief said.

The BIR said the filing of charges was a strong message against syndicates using fictitious receipts, adding that it was serious in halting such fraudulent activities.

The government lost an estimated total revenue amounting to P25.5 billion from 2019-2021 alone, the BIR said.

Tags: bir tax evasion

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Source: USD/PHP @ Thu, 7 May.

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