Hardware stores padlocked for tax misdeclaration

Published January 27, 2019, 1:46 PM

by Patrick Garcia

By Jun Ramirez

Binan, Laguna – Three hardware stores here were closed by the Bureau of Internal Revenue (BIR) for alleged substantial under declaration of sales.

Newly-installed Revenue Regional Director Jethro Sabariaga for Laguna, Quezon and Marinduque padlocked the stores owned by one Gina Espina for alleged refusal to pay the deficiency income and value-added taxes.

Under Section 115 of the Tax Code, the BIR is authorized to shutter a business if it under declares sales by 30 percent or more.

The three hardware stores reportedly did not report almost 50 percent of its earnings based on surveillance operations conducted by taxmen.

A business is also liable to be padlocked if it fails to register or issue receipts.

Sabariaga said the stores will remain closed until the owner settles the indebtedness.

Revenue Deputy Commissioner for Operations Arnel Guballa signed the closure order based on the recommendation of the regional evaluation board.

 
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