DOF, BIR raid warehouses operated by 'tax-dodging' firms in Bulacan | Inquirer Business

DOF, BIR raid warehouses operated by ‘tax-dodging’ firms in Bulacan

By: - Correspondent / @inquirerdotnet
/ 12:11 PM October 03, 2019

warehouse raid 1

Officials of the Department of Finance and Bureau of Internal Revenue inspect several warehouses in Guiguinto, Bulacan operated by companies allegedly evading tax payment. Photo by Carmela Reyes-Estrope

GUIGUINTO, Bulacan –– Authorities on Thursday raided a compound here where several stalls and warehouses were reportedly being operated illegally by at least five companies that have not been paying taxes.

The raiding team led by officials of the Department of Finance and Bureau of Internal Revenue (BIR) inspected the T-12 Warehouse here and discovered sacks of imported Vietnam and Myanmar rice, milk and liquid detergent products estimated to be worth P1 billion.

Article continues after this advertisement

BIR Deputy Commissioner Arnel Guballa said at least 11 units inside the warehouse compound were operating illegally.

FEATURED STORIES

Guballa said UPFC Logistics Corp., which operates a rice warehouse, has not been paying registration tax.

The raiding team has yet to name the other firms that are renting warehouses in the compound and are allegedly evading tax payment.

Article continues after this advertisement

Finance Assistant Secretary Tony Lambino said they were still verifying if the goods are smuggled. /lzb

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: BIR, Bulacan, Bureau of Internal Revenue, Department of Finance, DoF, tax evasion, warehouses

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.