Tag: Tax Evasion
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BIR to Annihilate PHP2.1 Billion in Illicit Cigarettes Across the Philippines
The Bureau of Internal Revenue (BIR) has announced plans to obliterate PHP2.1 billion worth of illegal cigarettes at 12 different locations from February 24 to 28, 2025. This massive operation will see the destruction of 14.3 million packs of illicit cigarettes, which carry a tax liability of PHP6.4 billion, along with the machines used to…
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Luxury Car Owners Given 15 Days to Pay Up or Lose Their Prizes: BOC Issues Urgent Call
In a bold move to clamp down on tax evasion, the Bureau of Customs (BOC) has issued a stern warning to owners of high-end vehicles. Customs Commissioner Rubio has urged those with luxury cars under Letters of Authority (LOA) to voluntarily settle their duties and taxes within 15 days, or face the seizure of their…
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President Marcos Jr. Commits to Crack Down on Tax Evaders
In a resolute statement, President Ferdinand R. Marcos Jr. has pledged to ramp up the fight against tax evasion, ensuring that those who manipulate the tax system face consequences. Speaking at the launch of the 2025 National Tax Campaign in Manila, Marcos emphasized the importance of tax compliance for the country’s growth and development. Marcos…
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House Passes Two Bills to Combat Tobacco Smuggling and Tax Evasion
In a significant move to address the growing issues of tobacco smuggling and tax evasion, the House of Representatives has successfully passed two crucial bills. The first, House Bill 11360, aims to revise the National Internal Revenue Code by implementing structured tax increases on tobacco products. This bill passed with a strong majority, receiving 190…
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DOJ Charges Three Companies with 20 Counts of Tax Evasion
The Department of Justice has taken legal action against three companies, accusing them of deliberately using fraudulent methods to avoid paying taxes owed to the government. The charges, announced in a recent statement, include 14 counts against Total Metal Corporation, four against Equator Energy Corporation, and two against Limhuaco Metal Industrial Incorporated. These were lodged…
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Department of Justice Charges Three Companies with 20 Counts of Tax Evasion
The Department of Justice has taken legal action against three companies, accusing them of deliberately using fraudulent methods to avoid paying taxes owed to the government. The charges, which total 20 counts, were filed against Total Metal Corporation, Equator Energy Corporation, and Limhuaco Metal Industrial Incorporated at the Court of Tax Appeals on January 24,…
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Supreme Court Clarifies: Tax Acquittal Doesn’t Waive Tax Payment Duty
The Supreme Court in Manila has ruled that being acquitted of tax evasion charges does not relieve taxpayers of their duty to pay taxes. This ruling came to light following a case involving E & D Parts and Supply, Inc., and its treasurer, which was dismissed by the Supreme Court’s Second Division due to insufficient…
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