2 companies charged for failure to pay P340M in taxes

Mike Navallo, ABS-CBN News

Posted at Oct 25 2018 06:11 PM

MANILA - The Bureau of Internal Revenue filed on Thursday separate criminal complaints against two companies for failure to pay more than P340 million in total taxes.

Wholesaler and textile-manufacturer Destiny Fibertech Manufacturing Corp., which is based in Valenzuela City, is accused of not paying over P68 million worth of value-added tax in 2012.

Bulacan-based Double Scoop Marketing Inc., meanwhile, allegedly failed to pay a total of P274 million in income, value-added and expanded withholding taxes, and compromise penalty in 2011.

Also charged were Destiny Fibertech President Redenter Quintos, and Double Scoop President and Chairman of the Board Raul Umali.

If found guilty of violating the National Internal Revenue Code, the
companies' officers may be imprisoned for up to 10 years, and may also be fined for at least P10,000. 

The companies could also be ordered to pay fines ranging from P50,000 to P100,000.