BIR files tax evasion raps vs 3 trading firms

by Ina Reformina, ABS-CBN News

Posted at Feb 13 2014 12:02 PM | Updated as of Feb 13 2014 11:49 PM

MANILA, Philippines - The Bureau of Internal Revenue (BIR) filed separate complaints with the Department of Justice (DOJ) against three companies who allegedly failed to pay hundreds of millions of pesos in taxes.

The BIR charged FDI Forefront II Trading Corporation and its president/general manager Mark Dominic De Vega and treasurer Joseph Derick Yambao; Manila Off-shore Trading Corporation and its president Romeo De Luna and treasurer Teodoro Catalan; and Chemvision Inc and its corporate officers Te Go Lee Chang and Tiffany Hazel Lee Chang.

FDI, engaged in the buying, selling, distributing and marketing at wholesale and retail, all kinds of commodities of every kind and description, was charged for a tax deficiency amounting to P315.28 million, inclusive of surcharges, interests, and value-added tax (VAT) for taxable year 2007.

Manila Off-shore, engaged in trading, was charged for a total amount of P405.85 million, inclusive of surcharges, interests, and VAT also for taxable year 2007.

Plastic trading firm Chemvision was charged for a total tax deficiency of P341.13 million, inclusive of surcharges, interests, and VAT for taxable year 2011.

Respondents have yet to receive copies of the complaints.