BIR: Pacquiao's tax deficiency still at P2B

By Ina Reformina, ABS-CBN News

Posted at Jan 30 2014 05:21 PM | Updated as of Jan 31 2014 05:49 AM

MANILA - The Bureau of Internal Revenue (BIR) insisted Thursday that its tax assessment on boxing champ and Sarangani Rep. Manny Pacquiao amounting to P2.2 billion is already final.

This, in spite of the recent pronouncement by Pacquiao's camp that he paid P32 million in tax dues to the bureau.

BIR Commissioner Kim Henares said this amount only comprises the value-added tax (VAT) and VAT surcharge component of Pacquiao's tax deficiencies for taxable years 2008 and 2009.

"Our assessment for 2008 and 2009 has a deficiency for income tax and deficiency of VAT. The total, as of Dec. 31, 2012 was P2.2 billion. What they paid was that portion of the deficiency for the VAT, including the surcharge for the VAT," Henares said.

Pacquiao's tax woes are pending with the Court of Tax Appeals (CTA) where he questioned the bureau's order of garnishment on his properties and assets arising from his alleged tax liability.