The authorities has misplaced round P50 billion in a “fake receipt” rip-off that some giant companies used to evade cost of taxes, Justice Secretary Jesus Crispin Remulla stated Friday.
“Fake receipts are scams. It is submitted for the itemization of deductions…These are fake receipts being submitted to pass off as deductions which is a violation of the National Internal Revenue Code and the Revised Penal Code,” Remulla advised reporters in a media briefing.
“This is a scientific means of defrauding the federal government,” he added.
In March, the BIR filed prison complaints in opposition to 4 “ghost” companies concerned in faux transactions with reputable companies to assist them evade the cost of appropriate taxes, which resulted in a income lack of P25.5 billion.
Remulla additionally stated a businessman is among the alleged incorporators of the agency concerned within the manufacturing of the faux paperwork.
“Alam ko, he’s one of the top incorporators, one of the top officers of these companies and he was mentioned by the witnesses as the one running the scam,” he stated.—Sundy Locus/LDF, GMA Integrated News
Source: www.gmanetwork.com
