Henares tells Pacquiao not to blame BIR on lost endorsements

March 29, 2012 10:24 pm 

By Perfecto T. Raymundo Jr.

MANILA, March 29 — Bureau of Internal Revenue Commissioner Kim S. Jacinto-Henares said on Thursday world boxing champion Sarangani Rep. Emmanuel "Manny" Pacquiao should not blame the BIR if he is losing some of his commercial endorsements due to his tax problem with the government.

"The congressman himself is the one fuelling the controversy. We are only answering questions," Henares told a press conference.

The BIR chief explained that they are only asking Pacquiao to provide them documents so that they can make proper assessment to determine if there is a tax liability or not.

"Those who receive a letter of authority are required to submit proofs of account, receipt, contract or IRS (Internal Revenue Service) payment because we want a realistic assessment whether there is a tax due or not," Henares said.

Pacquiao is facing a criminal case for obstructing a tax investigation into his earnings.

"Madali lang naman ang kasong yan. Pag nag-submit ka ng dokumento, mawawala na 'yang kaso na yan," Henares said.

"The sooner he submits, the sooner this controversy will die down. Wala naman kaming sinasabing liability kaya nga ho namin siya iimbestigahan," she said.

"We have to see the gravity of the violation if there are any. As of now, we are not even talking of tax evasion. We are only asking him to submit the documents," Henares stressed.

She noted that in 2008, Pacquiao paid about P125 million in taxes but in 2009, he only paid P7 million.

"Bakit bumagsak, eh paganda nga nang paganda ang career n'ya? Hindi sya nalalaos," Henares said. (PNA)

DCT/scs/PTR

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