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Cebuano English Filipino

Revenue officials on Thursday filed criminal charges against “ghost” corporations with the Department of Justice (DOJ) for fabricating fictitious receipts that were later sold to businesses and individual taxpayers, causing the government to lose an estimated PHP25.5 billion in revenue over the last three years.

Romeo D. Lumagui Jr., Commissioner of the Bureau of Internal Revenue (BIR), stated to reporters that the organization is currently pursuing the taxpayers and businesses who bought and utilized the fictitious receipts as corresponding deductions in their expenses and value-added tax with the intention of also filing criminal charges (VAT).

“We’ve got a list of both the purchasers and the dealers of these phony receipts. Our fundamental objective, in this case, is to stop these fraudulent actions in the hopes of boosting voluntary tax compliance, said Lumagui.

The BIR indicated its opinion that there are still further parties involved who are acting as a syndicate engaged in the sale of false receipts without naming the alleged “ghost enterprises” in question.

“There may be additional parties involved in this criminal plan, which has been going on for a while. To stop the sale of fake receipts, we will also start a campaign called “Run After Fake Transactions,” Lumagui stated.

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Cebuano English Filipino