BIR files P100M tax evasion charges vs 2 property firms

Posted at 03/15/12 2:21 PM

MANILA, Philippines - The Bureau of Internal Revenue (BIR) filed tax evasion charges worth P100.4 million against two real estate corporations and their officers at the Department of Justice.

The BIR filed a criminal complaint against Nora and Reynaldo Bitong, corporate officers of Virkar Realty Corporation.

The Bitongs were charged with failing to declare the sale of a 927-square meter commercial property in Makati, worth P55.62 million, as part of its gross sales in 2008. The BIR is seeking to collect P83.9 million in income and value-added taxes from the Bitongs from the sale of the property.

At the same time, the BIR filed a criminal complaint against Woodheights Realty and Development Corporation and its officers, Edwin L. Gardiola, Judy S. Gardiola, Kim Ann A. Gardiola, Katrina Mara S. Gardiola and Donna S. Nicanor for attempting to evade taxes and deliberately failing to file income tax returns.

Woodheights allegedly bought 3 Lexus vehicles worth P20.83 million in 2009, when the company did not declare any income or paid any taxes for the period.

The BIR is seeking P16.5 million in taxes from Woodheights, representing P11.77 million in income tax and P4.75 million in value-added taxes.