Thursday 17 July 2014

DELINQUENCY AND DEFICIENCY ARE POTENTIAL TAX EVADERS - EMELINO T MAESTRO


Delinquent retailer and general construction company from Quezon City charged with willful failure to pay tax
The Bureau of Internal Revenue (BIR) today filed separate criminal complaints with the Department of Justice against two (2) delinquent taxpayers - one individual and one corporate (including its responsible corporate officer) - for Willful Failure to Pay Taxes under the National Internal Revenue Code of 1997, as amended (Tax Code).
Charged for violating Section 255 of the Tax Code was EDELBERTO MARASIGAN ENDOZO (ENDOZO). He is registered with Revenue District Office No. 28, Novaliches and the sole proprietor of EMENDOZO TRADING. ENDOZO is engaged in the retail business with registered address at Stall 10 No. 771 Tandang Sora Avenue, cor. Banlat Road, Tandang Sora, Quezon City and No. 819 Centeno St., Sampaloc, Novaliches, Quezon City.
ENDOZO was sued for deficiency tax liabilities for taxable year 2007 in the aggregate amount of P107.73 million, inclusive of increments, consisting of P27.95 million in Income Tax (IT) and P79.78 million in Value Added Tax (VAT).
Likewise charged for violating Section 255 in relation to Sections 253 and 256 of the Tax Code were MASTER C RE-DE, INC. (MASTER) and its responsible corporate officers - President TEODORO B. CHUA and Treasurer BEATRIZ E. CHUA.
MASTER is a domestic corporation located at No. 43 Matulungin Street, Masikap, Brgy. Central, Diliman, Quezon City. It is engaged in the business of general construction. MASTER and its responsible corporate officers were assessed deficiency tax liabilities for taxable year 2007 in the sum of P9.7 million, inclusive of increments, broken down as follows: IT - P6.6 million; VAT - P3.0 million; and Expanded Withholding Tax (EWT) – P135,877.40.
BIR Quezon City records of investigation showed that the abovementioned respondents were served the corresponding Letter Notice (LN), Letters of Authority (LOA), Preliminary Assessment Notices (PAN), Final Assessment Notices (FAN) and Formal Letters of Demand (FLD) with Details of Discrepancies but failed to protest said assessments, hence making the same final, executory, and demandable.
The subsequent issuance of Preliminary Collection Letters, First and Final Notices Before Seizure, Warrants of Distraint and/or Levy, Warrants of Garnishment, and Demands Before Suit were ignored by the respondents, as the said tax assessments remained unpaid. The respondents’ obstinate failure and continued refusal to pay their long overdue deficiency tax assessments, despite repeated demands, constitute willful failure to pay the taxes due to the government.
The cases against EDELBERTO MARASIGAN ENDOZO, and MASTER C RE-DE, INC. & its responsible corporate officers are the 254th and 255th, respectively, filed under the RATE program of the BIR under the leadership of Commissioner Kim S. Jacinto-Henares. These are likewise RATE cases of Revenue Region No. 7, Quezon City. 
Taxpayers who have no money to pay their delinquent or deficiency may avail of instalment program of the BIR or compromise their liabilities by way of paying 40% or 10% of their taxes. This technique would eventually save them from being crucified by the BIR by way of its quad-media announcement that a tax evasion complaint had been filed at the Department of Justice.  For more information on how to reduce legally your delinquencies and deficiencies, please call ETM at 439 3918/921 6107 or visit his Facebook account "KATAXPAYER"... Please share this.

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