The Bureau of Internal Revenue (BIR) today filed two (2) separate criminal complaints with the Department of Justice against ERNESTO Y. YAP (YAP) for willful attempt to evade or defeat tax and for deliberate failure to supply correct and accurate information in his Income Tax Return (ITR) and Value Added Tax (VAT) Returns for Taxable Years (TY) 2009 and 2010, in violation of Section 254 and Section 255 of the National Internal Revenue Code of 1997, as amended (Tax Code).
Read More“We congratulate our partners at the Bicameral Conference Committee under the steadfast leadership of the House and Senate Ways and Means Chairpersons Rep. Isidro Ungab and Senator Franklin Drilon for passing the excise tax reform bill on tobacco and alcohol, a measure certified urgent by President Aquino. We thank as well our civil society partners that have fought for this bill unwaveringly for sixteen years. I would also like to recognize the solid work of our team from the Department of Finance and the Bureau of Internal Revenue, led by Commissioner Kim Henares and Undersecretary Jun Paul, without which this success would not have been possible.
Read MoreBureau of Customs (BOC) Commissioner Ruffy Biazon today (December 11, 2012) led the condemnation, destruction and rendering of 60 tons of misdeclared frozen Peking ducks, pigeons and piglets worth over PhP 40 million at the Ecosafe Agro-Products at the Harbour Center’s First Link Container Yard, which were earlier seized by Customs operatives after the BOC- X-Ray Project’s (BOC-XIP) discovery of the misdeclaration during scanning of the two (2) forty footer refrigerated vans from China.
Read MoreBased on preliminary and unofficial collection figures, the Bureau of Internal Revenue (BIR) breached the 1 TRILLION collection mark as of December 17, 2012.
Read MoreThe Philippine Deposit Insurance Corporation (PDIC) will service the deposit insurance claims of depositors of the closed Ilocandia Community Bank, Inc. (Icom Bank) from December 12 to 14, 2012, 20 days after the closure of the bank on November 22, 2012. The claims servicing will be at the bank’s head office located in Brgy. 2, Pasuquin, Ilocos Norte and at the bank’s two branches located in Piddig, Ilocos Norte and Flora, Apayao.
Read More