Fruits and Vegetable Trader rapped for tax evasion
The Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against ALEJANDRINO VALENCIA YU (YU) for Willful Attempt to Evade or Defeat Tax and Deliberate Failure to Supply Correct and Accurate Information in his Income Tax Returns (ITRs) for taxable years2009, 2010, 2011 and 2012, in violation of Sections 254 and 255 of the National Internal Revenue Code of 1997, as amended (Tax Code).
Respondent YU, sole proprietor of FRESHGOLD MARKETING, is engaged in the sale of perishable goods, particularly fruits and vegetables, to various groceries and supermarkets in Metro Manila with business addresses at 3922 Dangal St., Sta. Mesa, Manila and 1 P. Capalad St., Valenzuela City.
The case against YU stemmed from a preliminary investigation conducted by the BIR on his alleged perpetration of tax evasion schemes.
Replies to Access Letters sent by investigators to YU’s customers – Alabang Supermarket Corp., CitySuper Incorporated, DOLE Philippines, Inc., DSG Sons Group, Inc. (Gaisano), Grand Union Supermarket, Inc., Hi-Top Supermarket, Inc., Diamond Hotel Philippines, The Landmark, Inc., and Unimart, Inc. – disclosed that YU received income payments amounting to P174.32 million for taxable years 2009 to 2012.
Compared to his gross revenue declarations in his ITRs of P6.61 million in 2009, P4.14 million in 2010, P19.57 million in 2011 and P14.0 million in 2012, he substantially underdeclared his sales/income by P25.97 million or 393.02% in 2009, by P39.84 million or 962.96% in 2010, by P31.20 million or 159.47% in 2011, and by P33.01 million or 235.79% in 2012.
As a consequence of his acts and omissions, YU was assessed an aggregate deficiency income tax liability for taxable years 2009 to 2012 in the amount of P82.40 million, inclusive of surcharges and interests, broken down as follows: 2009 – P19.01 million; 2010 – P26.68 million; 2011 – P18.83 million; and 2012 – P17.88 million.
The case against ALEJANDRINO VALENCIA YU is the 205th filed under the Run After Tax Evaders (RATE) program of the BIR under the leadership of Commissioner Kim S. Jacinto-Henares.