Unaha sa na inyong empleyado oi og uban department sa gobyerno.
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Business - BIR eyes lifestyle check on individual taxpayers - INQUIRER.net
MANILA, Philippines--Now it's not only public officials with lavish lifestyles who may get into trouble with the tax collector. The Bureau of Internal Revenue said it would go after individual taxpayers who were living beyond their legitimate means despite declaring relatively small incomes.
The BIR Tuesday issued Revenue Memorandum Order no. 19-2010, which lays down the groundwork for a so-called taxpayers’ lifestyle check system.
Internal Revenue Commissioner Joel L. Tan-Torres said the order was aimed at “several individual taxpayers with substantial investments, assets or conspicuous lifestyles but have relatively small incomes [being] declared.”
Tan-Torres added that individuals attempting to evade or minimize tax payments rarely report their income and would often not provide their books and records for scrutiny.
“This order [was issued] to help address the difficulty of examining an individual’s tax compliance when there is no direct evidence of income or records are not available or inaccurate, but it is clear that the taxpayer is earning income as shown by the substantial assets or lavish lifestyles they maintain,” he said.
The BIR chief said the agency would use its authority to access public documents and would work with agencies like the Land Transportation Office, the Bureau of Immigration, the Maritime Industry Authority, the Civil Aeronautics Board, the Land Registration Authority and the Registries of Deeds.
“We will also coordinate with airline and shipping companies, Manila Electric Co., resorts, membership clubs or similar establishments, homeowners’ associations especially in exclusive villages, real estate developers and even credit card firms,” Tan-Torres said.
He said the facts would easily show if the taxpayers’ property holdings, travels and spending would correspond to his or her declared sources of income.
He said the BIR’s move would not violate the right of a citizen to privacy since the information that the agency would seek pertained to public documents.
The BIR is hard-pressed to find more ways to increase tax collection to meet a target revenue of P830 billion this year.
Similar “innovative measures” that the BIR has adopted included Project SanTAX Clause, which monitored bazaars during the Christmas season, the ongoing Project Rest in Peace (monitoring compliance to laws on the estate tax) and the 5-percent tax on election campaign expenses.
BIR eyes lifestyle check on individual taxpayers
Originally Posted by peewee_toot
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