Pawnshop owner faces tax evasion raps

[greenteam]

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Pawnshop owner faces tax evasion raps

MANILA, Philippines – (UPDATE) The Department of Finance and the Bureau of Internal Revenue filed tax evasion charges against the owner of a chain of pawnshops, officials said on Thursday.

William R. Villarica, owner of Villarica pawnshops, allegedly failed to file his true income tax return from 1998-2009, declaring only an aggregate payment of P25,600 despite allegedly owning several sports vehicles.

Villarica will be charged for violation of Sections 254 and 255 of the National Internal Revenue Code of 1997. This has a penalty of imprisonment of not more than 10 years.

BIR Commissioner Kim Jacinto-Henares said that in 2007, Villarica filed a zero tax return but purchased a Lamborghini sports car worth P26 million. The purchase was verified by a certified true copy of the Deed of Sale dated April 4, 2007 provided by the Land Transportation Office (LTO).

“We find it to be not just criminal but perhaps also immoral for a person that earns profits out of people in need of financial assistance yet fails to do his one duty to the country and pay his proper taxes,” Henares said.

Based on the purchase price of the Lamborghini, BIR computed the possible income tax deficiency to P16.2 million while the possible deficiency in Value Added Tax could amount to P6.3 million.

Meanwhile, Finance Secretary Fidel Purisima said they will conduct further investigation against Villarica concerning his other properties.

Henares added that they are also determining how much he earned from 1998-2009.

Source: Pawnshop owner faces tax evasion raps - INQUIRER.net, Philippine News for Filipinos

Small fish tana kong mag sample sila kanang mga big time known tax evaders like Lucio Tan and more mas mo believed nako sa pinoy admin

[nealotol]

btaw tax ra gud ang kinabuhi sa atong govt..

[trax]

maau ni.. pero basin lang sad ug ma bulsa sa mga dakong tao sa BIR

[lestat1116]

tubag sa uban tao ngano dli sila tarong mo bayad og taX. NGANO MO BAYAD MAN KO OG TAX NA IBUSA RA MANA ANG KWARTA. MAYPA AKO2X NALANG MO TABANG SA MGA TAO.

[FKtemp]

for 10 years he just paid a total of 25k, question is, why didnt the BIR found this out ?? For me this isnt a matter of Villa not paying his tax, most businessman do that, but the question is..

WHY DID IT TOOK BIR 10 YEARS FOR THEM TO CATCH VILLA

basin lahi ang gi-focus sa bir for the past 10yrs.

[bosin]

ang uban kay dle man gyud na mu pay sa tax, .and that's the reality, .underground rana xa but daghan au nag kwarta

[yacky2006]

Sa tax payer gyud na. Ilang iladilaron ang governo.

Ilang huna2x man gud kurakot ra kuno maong dili cla mo bayad.

Ngano man lagi si M Lhuillier naka award man tungod sa consistent increase in voluntary compliance tax payments.

Source: M.Lhuillier Financial Services - News Archive



Kung tanan negosyante pareha pa ni M Lhuillier maayo unta kaayo.

[bot_yok]

^^^ i agree with you.. if only all businessman pareha ni M Lhuiller progressive jud kaayo ang Cebu... pero maihap ra cguro ni cla sa Cebu...

[darkwing]

for 10 years he just paid a total of 25k, question is, why didnt the BIR found this out ?? For me this isnt a matter of Villa not paying his tax, most businessman do that, but the question is..

WHY DID IT TOOK BIR 10 YEARS FOR THEM TO CATCH VILLA

dili paman si p-noy ang presidente

[cebulifer]

hehehe! sakto! dili pa si PNoy! Of course... nagpakita lang ug abilidad ang mga tawo sa BIR! after that... balik na pud as before!