THE Bureau of Internal Revenue (BIR) Makati Revenue Region 8A-Makati City filed criminal complaints against two corporations for willful failure to pay an aggregate tax liability of P66.9 million.
The BIR last Thursday the cases were filed with the Department of Justice against domestic firms Green Money Tree Lending (GMTL) Corp. and Master Sports (MS) Corp. and their respective responsible corporate officers.
According to the BIR, GMTL and its responsible officers are sued for a total tax-deficiency liability of P59.76 million, inclusive of increments for various violations.
According to the BIR, GMTL is a domestic corporation engaged in lending, pawn-broking and financing activities. It is registered with the Securities and Exchange Commission and with Revenue District Office (RDO) 49-North Makati, the BIR said.
According to the BIR, GMTL’s registered business address is at the 22nd floor of The World Centre Bldg., 330 Sen. Gil Puyat Avenue, Barangay Bel-Air, Makati City.
The BIR said it charged the respondent for the following: two counts of willful failure to pay/remit “Withholding Tax on Compensation” covering the period 2020; two counts of willful attempt to evade or defeat the payment of “Withholding Tax on Compensation” covering the period 2020; four counts of willful failure to pay/remit percentage tax covering the period 2019 to 2020; and, four counts of willful attempt to evade or defeat the payment of percentage tax covering the period 2019 to 2020.
On the other hand, MS Corp. and its responsible officers were sued for a total deficiency tax liability of P7.17 million, including increments for various tax violations.
According to the BIR, the firm is engaged in the trading of sporting goods with registered business address at the second and fifth floors of the BMG Centre, San Antonio Street, Paseo de Magallanes, Commercial Center Magallanes, Makati City. It is registered with the SEC and with Revenue District Office 48-West Makati, the BIR said.
The BIR said it charged MS Corp. for the following: three counts of willful failure to pay/remit income tax covering the period 2015 up to 2018; three counts of willful attempt to evade or defeat the payment of income tax covering the period 2015 up to 2018; five counts of willful failure to pay/remit “Withholding Tax on Compensation” covering the period 2016; five counts of willful attempt to evade or defeat the payment of “Withholding Tax on Compensation” covering the period 2016; four counts of willful failure to pay/remit expanded withholding tax covering the period 2016; four counts of willful attempt to evade or defeat the payment of Expanded Withholding Tax covering the period 2016; four counts of willful failure to pay/remit value-added tax (VAT) covering the period 2016 up to 2019; and, four counts of willful attempt to evade or defeat the payment of VAT covering the period 2016 up to 2019.