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Firm faces tax evasion raps over fake receipts

By Manila Times - 7 months ago

MANILA, Philippines: The Department of Justice said on Monday it has filed charges of tax evasion against a company for fabricating receipts and invoices.

Charges of tax evasion were filed against Buildforce Trading, Inc., its corporate officers, and a certified public accountant.

The charges were based on the results of a probe by the National Bureau of Investigation.

The case stemmed from the complaint filed by the Bureau of Internal Revenue against Buildforce Trading under its Run After Fake Transactions Program.

Government prosecutors filed before the Quezon City Regional Trial Court one count each of attempt to evade or defeat tax, and willful failure to supply correct and accurate information in Income Tax Return, and four counts of willful failure to supply correct and accurate information in Quarterly VAT Returns against the corporation and its two corporate officers.

One count of making false entries, records, or reports was filed before the Metropolitan Trial Court against the accountant.

The charge of attempting to evade and defeat tax against the accountant, however, was dismissed.

The prosecutors recommended further investigation against ghost/fly-by-night corporations and their buyer companies claiming false purchases and expenses using fake BIR sales invoice receipts.

Justice Secretary Jesus Crispin Remulla said the crackdown on tax-evading firms will continue.

"We cannot simply tolerate tax evaders. The filing of cases is a welcome development in our fight against tax evasion. More cases are expected to be filed in the coming days," Remulla said.

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