TAX info and updates

[dhonz]

---

if there is no way to retrieve that lost invoice, execute an affidavit so it will be documented legally and you need to inform the public of that lost invoice, like publishing in newspaper to warn the public...

[C.P.A.]

Announcements
PUBLIC HEARING: The BIR will conduct a public hearing on the proposed Revenue Regulations providing for additional transactions subject to Creditable Withholding Tax on income payments made by top 5,000 individual taxpayers engaged in trade or business or exercise of profession onMay 25, 2009 (Monday)/1:00 PM to 5:00 PM at the National Training Center Auditorium, BIR National Office Compound, Agham Road, Diliman, Quezon City.

[C.P.A.]

BIR Mandaluyong Padlocks Popular Chinese Restaurant
For having committed gross violations of the National Internal
Revenue of 1997 as amended (Tax Code), the most obnoxious of which is
gross underdeclaration of sales, a popular Chinese restaurant was ordered
closed yesterday by the Bureau of Internal Revenue (BIR).
Temporarily suspended from conducting its business operations after
the Closure Order signed by BIR Commissioner Sixto S. Esquivias IV was
served and enforced was HAN NAN FOOD CORPORATION, more popularly
known as Han Pao Tea House (Han Pao), with business address at No. 312
Shaw Blvd., Mandaluyong City.
Revenue Region (RR) No. 7, Quezon City Regional Director Antonio F.
Montemayor said that the closure of the said restaurant showed his region’s
unwavering determination to shut down businesses with no intent to shape
up and comply with tax laws. He further said that those who mend their ways
will be adequately assisted and treated like other good and compliant
taxpayers.
The closure order was served after Han Pao failed to comply with the
48 Hour Notice and Five Day VAT Notice issued and served by the BIR. The
said notices gave Han Pao the opportunity to explain its side and present
evidence to dispute the BIR findings.
Among other violations such as failure to pay correct income tax,
failure to supply correct and accurate information, attempt to evade or defeat
tax, and perjury, field personnel of BIR Revenue District Office (RDO) No. 41,
Mandaluyong City unearthed under-declarations of sales by 205.44% in
taxable year 2007 and 176.26% in 2008 amounting to P13,917,937.28 and
P13,253,535.15, respectively. Value Added Tax liability was estimated at
P5,344,704.50 for both years in question.
The subject restaurant is eighteenth (18th) on the list of business
establishments closed by the BIR nationwide. According to Revenue District
Officer Isabel A. Paulino of RDO No. 41, Mandaluyong, many more
recalcitrant taxpayers in her district are in the pipeline – on her desk -
waiting to be padlocked! She added that unless they heed her advice and
voluntarily comply, she will have no choice under the law but impose punitive
actions like closure or suspension of business operations.
Among those previously padlocked by the BIR under this program
were: 1) La Suerte Grocery & Bakery in Magalang, Pampanga for failure to
declare more than P50M income in 2008; 2) Charmy Food Phils., Inc., a
manufacturer of soybean products in Pasig City, for not declaring P40M of its
sales for 2005-2008; 3) Arra’s Fine Dining, a Korean Restaurant in Makati
City for understatement of its taxable sales in 2008 by more than P20M; 4)
Hilton Mart Corporation, a Grocery (Wholesale and Retail) business plying its
trade in Manila, for underdeclaring its sales for taxable year 2008 by more
than P1.2B; 5) Skywater Enterprises in Davao City for underdeclaring its
sales by P12,590,943.55 in 2008; and 6) Wil-An Mart, a wholesale and retail
grocery business in Manila, with sales underdeclaration in 2008 of 196.24%
or P142,466,017.80.Oplan Kandado is the flagship project of the BIR initiated by
Commissioner Esquivias which aims to strictly enforce sanctions for noncompliance
by business establishments with requirements of the Tax Code.
RR No. 7, Quezon City Assistant Regional Director Jonas DP. Amora
believes that through Oplan Kandado, taxpayers will be compelled not only to
comply with the requirements of the Tax Code but also to pay the correct
taxes in conducting business, lest their operations will be subject to closure
by the BIR. (rtdlc)

[Princess08]

sus oi! nganu man ning ni exist ang tax,.. wala lang ghapon naka lambo sa pilipinas!

[babypaupau]

kinsa bookkeeper dri? im looking for one

[the Messenger]

Very informative thread. Thanks to the TS and company for the regular updates.

[C.P.A.]

kinsa bookkeeper dri? im looking for one

contact 236-2598 or 0906-4224796 and look for Donde or Jalyn. They can give you a very low price with a quality service. They can give you free consultation and advice. They are what we call expert. They also serve a lot of istoryan, multinational company, international, and local.

Refer this thread https://www.istorya.net/forums/specia...nterprise.html

[cirext]

If only the government used 100% of the taxes for the benefit of the people, none would have been greedy to give to the government.

Sad to note, but instead of praying for the govt officials, many are hoping to kill them 1 by 1 to end up the miseries of the Filipino people caused by their corruption.

[dhonz]

You don't need to kill them bro, dili kinahanglan nga imong hugawan imong mga kamot. Mahimo paka nga criminal ana.

What you need is a Tax Consultant, they can help you on how to minimize your tax. Contact the thread starter so you will be enlighten... https://www.istorya.net/forums/specia...nterprise.html

If only the government used 100% of the taxes for the benefit of the people, none would have been greedy to give to the government.

Sad to note, but instead of praying for the govt officials, many are hoping to kill them 1 by 1 to end up the miseries of the Filipino people caused by their corruption.

[C.P.A.]

Very informative thread. Thanks to the TS and company for the regular updates.

you're welcome!

For Accounting & Bookkeeping service call/txt the TS, 0906-4224796 or 236-2598 look for jalyn or visit this thread for the scope of their services https://www.istorya.net/forums/specia...nterprise.html