PNP supplier rapped with P46.33-M tax evasion

April 26, 2012 9:21 pm 

MANILA, April 26 — The Bureau of Internal Revenue (BIR) filed on Thursday before the Department of Justice (DOJ) a P46.33-million tax evasion case against a supplier of the Philippine National Police (PNP) for unreported income.

In a press conference, BIR Commissioner Kim S. Jacinto-Henares said that they charged Remedios De Juan Pensotes for one count of willful attempt to evade or defeat tax and one count of willful failure to supply correct and accurate information in her Income Tax Return (ITR) for taxable year 2007 in violation of Sections 254 and 255 of the National Internal Revenue Code of 1997.

Pensotes is a BIR-registered single proprietor doing business under the trade name RJP International Trading Construction and General Services.

Pensotes' registered addresses are at 9420 Magallanes St., Guadalupe, Makati City and Lot 5, Block 1, Bernabe Street, La Huerta, Parañaque City.

The business of Pensotes is also registered with the Procurement Service of the Department of Budget and Management (DBM) under the Philippine Government Electronic Procurement System (PhilGEPS) and is an accredited supplier of the PNP.

Its area of specialization is classified as "Maintenance and Other Operating Equipment."

The investigation of the business of Pensotes arose from a news article from the website of the Manila Standard Today dated September 1, 2011 about the investigation on retired PNP officials over alleged overpricing of repairs of 28 light armored vehicles in 2007.

Records showed that Pensotes declared in 2007 Sales and Service Revenues amounting to P10.43 million and P0.40 million, respectively.

Pensotes' financial statements reflected total gross income of P3.22 million and a net income of P0.40 million for taxable year 2007.

However, copies of the voucher and sales invoices submitted by the PNP disclosed that PNP made purchases from Pensotes amounting to P77.25 million in 2007.

Thus, Pensotes underdeclared its Sales/Revenues for taxable year 2007 by P66.42 million.

Henares said that the scheme of Pensotes was to underdeclare her Sales/Revenues in her declaration, resulting into a lesser taxable income in her ITR and thus, lower tax liability.

Henares said that Pensotes was assessed a total deficiency income tax liability for taxable year 2007 amounting to P46.33 million, inclusive of surcharges and interests.

The case against Pensotes is the 105th filed under the BIR's Run After Tax Evaders (RATE) program. (PNA)



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