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BIR files tax evasion rap vs real estate mogul Delfin Lee

/ 12:36 PM April 07, 2016


The Bureau of Internal Revenue (BIR) on Thursday filed with the Department of Justice (DOJ) tax evasion complaint against real estate developer Delfin Lee.

Lee is an accused in a syndicated estafa case in connection with the 2008 housing project with the Pag-Ibig Fund worth over P6-billion.


READ: Delfin Lee faces 3 more sets of syndicated estafa

In the recent complaint filed by BIR, G.A. Concrete Mix Inc. (GACMI) and its corporate officers Delfin Lee, and President and Treasurer Dexter Lee (Delfin’s son) allegedly violated the National Internal Revenue Code (NIRC) for willful attempt to evade or defeat tax and deliberate failure to supply correct and accurate information in their corporate income tax returns for 2009 to 2010.

Records from the BIR’s Information Systems Development and Operations Service (ISDOS) showed that Globe Asiatique Realty Holdings Corporation (GARHC) made income payments to GACMI worth P34.06-million in 2009 and P15.31-million in 2010.

READ: Delfin Lee’s love of luxury cars led to his fall, say police

However, GACMI only declared sales worth P13.40-million in 2009 and P10.63-million in 2010, underdeclaring its taxable sales by 154 percent or P20.66-million in 2009 and by 44 percent or P4.68-million in 2010.

The BIR said GACMI’s tax liability is P20.50 million inclusive of surcharges and interests. IDL

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TAGS: BIR, Bureau of Internal Revenue, Delfin Lee, Dexter Lee, doj, GA, GA Concrete Mix, Globe Asiatique, Pag-IBIG fund, tax evasion
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