MANILA, Philippines — The Bureau of Internal Revenue (BIR) on Thursday, January 30 filed a tax evasion complaint before the Department of Justice against the owner of a company tapped by the Palawan provincial government for several infrastructure projects financed by Malampaya funds in 2008 and 2009.
BIR said a complaint was filed against Ulysses Consebido, owner of Seven Digit Construction and Supplies.
The country’s main tax agency said Consebido did not file correct and accurate information in his income tax and value-added tax returns in 2008 and 2009.
He declared gross revenues of P2.71 million and P11.35 million in his ITRs for said years, respectively. But investigation showed he received income payments worth P74.12 million in 2008 and P13.07 million in 2009 from both the Palawan government and the Department of Public Works and Highways – Palawan III District Engineering Office.
Consebido therefore underdeclared his income by P71.41 million in 2008 and P1.73 million in 2009.
The businessman was assessed an aggregate deficiency tax liability of P93.57 million, inclusive of surcharges and interests.
This was the third case against a Malampaya contractor. BIR also filed cases against two businessmen involved in Malampaya-funded projects in November and December.
The case was the 208th filed under the Run After Tax Evaders or RATE program of BIR under the leadership of Commissioner Kim Henares. – Rappler.com