2 contractors face tax evasion raps

ABS-CBN News

Posted at Aug 16 2012 01:10 PM | Updated as of Aug 17 2012 03:13 AM

MANILA, Philippines - The Bureau of Internal Revenue on Thursday filed tax evasion charges against two contractors with the Department of Justice.

The BIR filed a case against Hoksing Builders and its owner Rommel SalvaYnion of Las Pinas for attempting to evade taxes, failing to supply the BIR with correct and accurate information and failing to file value added tax (VAT) returns.

Records show that Hoksing Builders was paid at least P296 million from its buyers from 2006 to 2010, but the contractor declared only an income of only P221 million for the period. The BIR said Ynion's tax deficiency is P84.88 million.
 
The BIR also filed a case against Togado Builders and its owner Jose Edmundo J. Togado    of Bacolod City, for tax evasion.

Based on third party information, Togado Builders was found to have paid at least P4.75 million in 2007, P3.39 million in 2008 and P5.45 million in 2009. But the contractor only declared an income of P323,240 in 2007, P420,950 in 2008 and P469,270 in 2009.

Togado also failed to register as a value added taxpayer in 2007 despite earning more than P1.5 million that year. Togado's deficiency tax liability was computed at P12.16 million.

Local contractors are required by the BIR to enrol in the electronic filing and payment system at the Revenue District Offices where they are registered as taxpayers.