Sunday 9 December
Mar 22, 2018 @ 17:23

BSP-accredited gold trader charged with P1.7B tax evasion


The Bureau of Internal Revenue (BIR) filed before the Department of Justice (DOJ) five tax evasion complaints against a gold trader.

Angelito dela Pe?a is facing charges for alleged willful failure to file taxes amounting to P1.7 billion from 2005 to 2009.

Dela Pe?a is engaged in the buy and sell of gold to the Bangko Sentral ng Pilipinas (BSP) and was registered with BIR revenue district No. 24 in Valenzuela City.

The cases are the 140th to 144th filed under the Run After Tax Evaders (RATE) program of the BIR under Commissioner Cesar R. Dulay.

BIR Caloocan City records said an access letter was sent to the BSP requesting for certification of the transactions made by dela Pe?a for the years 2005 to 2009.

The BSP replied with a certification showing that dela Pe?a made transactions with the BSP during these years. The respondent was served the requisite letters of authority, requests for presentation of records, and subpoena duces tecum.

Dela Pe?a failed to submit the documents, prompting the BIR to make assessments based on the best evidence obtainable.

Preliminary Assessment Notices, and Final Assessment Notices, formal letters of demand with details of discrepancies, were issued but the respondent failed to reply with payment or protest and likewise failed to file relevant supporting documents. (PNA)

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