Bureau of Internal Revenue (BIR) and National Bureau of Investigation (NBI) operatives have arrested 36 employees of a printing company allegedly engaged in the lucrative distribution of fake invoices and receipts.
BIR Commissioner Romeo D. Lumagui Jr. said the owner of Brenting Enterprises International, Inc. was not present when lawmen raided its office located at Eastwood Excelsior Tower in Bagumbayan, Quezon City.
The raiding team seized thousands of boxes of spurious sales receipts and invoices which were scheduled to be delivered to business establishments "buyers" nationwide.
Lumagui said he will file various criminal charges for violation of tax laws against printers and business operators using the fake documents.
Quezon City Revenue Regional Director Bobby Mailing said alert examiners uncovered the tax dodging racket when they found out that the supposed companies issuing the invoices and receipts do not exist.
Lumagui explained that business operators present the invoices and receipts to BIR examiners to legitimatize the sources of their supplies, including smuggled items, to reduce tax payments and even claim input tax, or value added tax (VAT) refund.
He initially estimated revenue losses from the operations of Brenting Enterprises International, Inc. at P45 billion.
Lumagui instructed revenue regional directors and district officers to intensify the search of illegal printers in their respective jurisdiction to end the tax dodging racket.