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Bacolod City, Philippines Wednesday, March 21, 2018
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BIR watch up against more firms
BY MARK L. GARCIA

 

Director Eduardo Pagulayan Jr. of the Bureau of Internal Revenue Region 12 said yesterday that they are monitoring more establishments that under-declare their sales to ensure compliance by paying the right taxes.

He said this after the closure order given Monday to the three branches of Blyzer Trading in Bacolod City due to alleged under-declaration of sales by more than 30 percent, and non-issuance of sales invoices.

Pagulayan said the firm may have to pay about P5 million in taxes and there is a possibility that this may increase as they are still investigating the case.

Blyzer Trading was ordered to stop operations in their branches in Sum-ag, Libertad, and Burgos Market, as well as in their warehouse in Barangay 9.

The company is owned by Antonio Pinto and the business started through acquiring stocks from Manila via courier. Most of the products it sells are toys, ready-to-wear clothes, household and beauty products, and appliance parts.

Until the payment of taxes is made, the establishments will remain closed, he added.

Earlier, Pagulayan warned other establishments in the city that the same may happen to them if they are non-compliant with their tax obligations, and especially with issuing sales invoice.

He said more closure orders may be served as they are monitoring several establishments in Bacolod and other provinces under the regional revenue jurisdiction.*MLG

 

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