BIR files tax evasion charges vs Manila councilor
A building contractor owned by a Manila City councilor is facing tax evasion charges after it allegedly duped the government of P73 million worth of taxes from 2002 to 2004.
The Bureau of Internal Revenue (BIR) on Thursday filed tax evasion charges against Generale Electrical Contractor Corp. and its owners – Manila City councilor Roger Gernale and his spouse Corazon – before the Department of Justice (DOJ).
Gernale is a city councilor of the 5th district of Manila.
Investigations under Operation RATE (Run After Tax Evaders) showed that Generale Electrical earned P104.36 million for supplying electrical materials and services to SM Prime Holdings for the years 2002, 2003, and 2004.
However, it only declared P11.11 million in its financial statements and income tax returns submitted to the tax agency for the taxable years 2002, 2003, and 2004.
Investigators also found out that the company did not declare the correct amount of gross receipts tax and underdeclared the total amount by P87.67 million.
The BIR said it has assessed Generale Electrical a total amount of P73.31 million for defrauding the government of correct income and value added taxes from 2002 to 2004.
"The responsible officers of Generale Electrical failed to supply the correct and accurate information in its ITRs and failed to pay the proper taxes. Moreover, they also failed to supply the correct and accurate information and consequently failed to pay the correct VAT which is a manifestation of their evasion of paying the correct taxes due to the government," the BIR said. - GMANews.TV
The Bureau of Internal Revenue (BIR) on Thursday filed tax evasion charges against Generale Electrical Contractor Corp. and its owners – Manila City councilor Roger Gernale and his spouse Corazon – before the Department of Justice (DOJ).
Gernale is a city councilor of the 5th district of Manila.
Investigations under Operation RATE (Run After Tax Evaders) showed that Generale Electrical earned P104.36 million for supplying electrical materials and services to SM Prime Holdings for the years 2002, 2003, and 2004.
However, it only declared P11.11 million in its financial statements and income tax returns submitted to the tax agency for the taxable years 2002, 2003, and 2004.
Investigators also found out that the company did not declare the correct amount of gross receipts tax and underdeclared the total amount by P87.67 million.
The BIR said it has assessed Generale Electrical a total amount of P73.31 million for defrauding the government of correct income and value added taxes from 2002 to 2004.
"The responsible officers of Generale Electrical failed to supply the correct and accurate information in its ITRs and failed to pay the proper taxes. Moreover, they also failed to supply the correct and accurate information and consequently failed to pay the correct VAT which is a manifestation of their evasion of paying the correct taxes due to the government," the BIR said. - GMANews.TV
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