Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Monday, 15 August 2022 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << August 2022 >> 
S M T W T F S
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2010/10/07

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]

  prev  next  »|
DAILY NEWS LIST:
»Caloocan intensifies youth protection measures
»Commentary: Trust in governance
»BIR padlocks 2 companies in Pasig
  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines