Thursday 17 January
Dec 10, 2018 @ 15:05

BIR shuts down 18 Mann Hann branches due to P330M unpaid taxes

 

Say goodbye to their squid head and spicy pork spare ribs for now.

The Bureau of Internal Revenue (BIR) has shut down the operations of 18 branches of Mann Hann due to supposed tax violations.

BIR padlocked the Chinese restaurant chain for having umderdeclared sales last year.

According to the BIR, Mann Hann’s parent firms Lim Keng Hua Foods Corp., Shin Mann-Hann Corp., and MH Capital Foods Corp. reportedly underdeclared their 2017 sales by P98.2 million, P138.74 million, and P92.95 million, respectively.

The discrepancies were discovered when the BIR compared the accounting books versus point-of-sales machine readings of the said restaurants.

Please follow and like us:

Tags: , , , , , , , , , , ,

Related Stories
US securities regulators on Thursday fined boxer Floyd Mayweather and music promoter DJ Khaled hundreds
The United States on Friday formally lifted a crippling ban on exports to China's ZTE,
American lender US Bancorp has agreed to pay $613 million to US authorities for violations
Authorities investigating a suspected bitcoin-related scam centred in Austria have asked Interpol to help determine


 

Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.