BIR padlocks 2 companies in Pasig
Manila (7 October) -- The Bureau of Internal Revenue (BIR) once again demonstrated its seriousness in cracking down business establishments found to be violating the Tax Code particularly the provisions on the Value-Added Tax (VAT) when it closed down two companies in Pasig City pursuant to its'Oplan Kandado' program.
Padlocked companies were Sentosa Park Property Development Corporation (Sentosa) in Maybunga, Pasig City, and Control and Analytical Laboratory, Inc (CALI) in Ugong, Pasig City.
The corporations were issued closure orders last October 5, 2010 by Operations Group Deputy Commissioner Nelson M. Aspe after they failed to comply with the requirements mandated in the five-day VAT compliance notice on August 6, 2010.
Sentosa was shut down for failure to pay correct income tax and VAT, attempt to evade or defeat tax, and perjury. The VAT liability of Sentosa after investigation amounted to P7,491,706.47, including increments, broken down as follows: 2007 ? P3,848,455.49; 2008 ? P2,915,010.36; and 2009 ? P728,240.62.
CALI, on the other hand, committed acts constituting violations of the Tax Code such as failure to register as VAT taxpayer, failure to pay VAT, failure to file VAT returns, failure to pay correct income tax, failure to supply correct and accurate information, attempt to evade or defeat tax, and perjury.
Records of investigation show that CALI incurred deficiency VAT in the total amount of P1,512,101.55, including increments. The amount represented VAT deficiency of P562,452.24 in 2007, P490,984.42 in 2008, and P458,664.89 in 2009.
Revenue District Officer Luis A. Alberto, Jr. said that the two corporations will remain closed until they have paid their deficiency taxes.
The twin closures were the fourth and fifth under the Oplan Kandado flagship project of the BIR during the current leadership of Commissioner Kim S. Jacinto-Henares. (PIA-MMIO) [top]