MANILA, Philippines - Two business owners and a civil sanitary engineer are now facing tax evasion charges before the Department of Justice.
The Bureau of Internal Revenue filed a criminal complaint against Manuel Nuguid Nieto, who owns flour wholesaler Perseus Commodity Trading, for failure to pay income and value-added taxes for 2007.
He was sued for a tax deficiency of P86.46 million, which includes P62.49 million in income tax and P23.97 in VAT.
Agnes M. Dayao, owner of LPG distributor Millenium Gaz Marketing in Quezon City, was also sued by the BIR for failing to pay P30.15 million in income tax and VAT.
Meanwhile, the BIR filed a criminal complaint with the DOJ against civil sanitary engineer contractor Diosdado T. Sison for willful attempt to evade tax, as well as deliberate failure to supply correct and accurate information in his ITR and VAT returns for taxable year 2010.
Sison was found to have underdeclared his gross income in his 2010 ITR. He only declared a gross income of P777,714, but a BIR investigation showed he received payment amounting to P22.39 million.
Under Sec. 248 (B) of the Tax Code, under-declaration of taxable income by more than 30% constitutes a prima facie case of fraud.
Sison was sued for an aggregate tax liability amounting to P18.95 million.
Certified public accountant Danilo M. Lincod was also charged after he certified Sison's financial statements despite misstatement of facts with respect to the latter's actual taxable income.