TODAY'S BUSINESS HEADLINES

Toyota Group's auto parts exports fall 8 pct in 1H 30-Jul-14, 6:01 AM | Chelsea Cruz, InterAksyon.com

Araneta Group spending P30B for 20-year redevelopment of Araneta Center 29-Jul-14, 11:13 PM | Darwin G. Amojelar, InterAksyon.com

LTFRB gives unlicensed trucks-for-hire another month to secure permit 29-Jul-14, 11:03 PM | Darwin G. Amojelar, InterAksyon.com

IRC Properties soon to close property deal with Ayala Land 29-Jul-14, 6:02 PM | Krista Angela M. Montealegre, InterAksyon.com

SM Prime likely grew faster in 2Q, says exec 29-Jul-14, 5:49 PM | Krista Angela M. Montealegre, InterAksyon.com

BIR sues Pagcor food concessionaire for tax evasion

InterAksyon.com means BUSINESS

MANILA – The Bureau of Internal Revenue on Thursday filed a tax evasion case against a food concessionaire of state-owned Philippine Amusement and Gaming Corp.

In a statement, the BIR said it filed a criminal complaint with the Department of Justice against Lilia de los Reyes-Gonzales for failing to file income tax returns for 2008 and 2010 and quarterly value-added tax returns for the second through fourth quarters of 2010.

Gonzales owns Yasiok Dimsum Food House, a licensed concessionaire of Pagcor.

The BIR said Yasiok received P39.95 million in income payments from Pagcor for 2008 and 2010, but Gonzales failed to declare the same in her tax returns.

“Such willful and deliberate failure to file her returns resulted in the non-payment of her income tax in the aggregate amount of P25.61 million,” the bureau said.

The agency also discovered that Gonzales underdeclared her sales in VAT returns, and so was assessed a total deficiency of P15.8 million. In all, she owes the BIR some P41.14 million.

The case against her is the 119th filed under the Run After Tax Evaders Program.