Security agency charged with tax evasion-A A +A
Thursday, July 17, 2014
A MAKATI-BASED security agency was accused on Thursday by the Bureau of Internal Revenue (BIR) of not paying P48.26 million in taxes to the government in 2010.
Charged with violation of the National Internal Revenue Code of 1997 at the Department of Justice (DOJ) were Dominador Lim and Antonio Henson, president and managing director, respectively of Paladin Protective & Security Services, Inc.
Investigation records from BIR-Makati showed that Lim and Henson were served Letter of Authority (LOA) No. 050-2011-0000266 authorizing the examination of Paladin Security's books of accounts and other accounting records on all its internal revenue taxes for the fiscal year ending June 30, 2010.
The BIR then informed Paladin Security to settle its tax discrepancies but the firm failed to protest, "hence making the same (assessment) final, executory, demandable, and unappealable."
"The respondents' obstinate failure and continued refusal to pay the long overdue deficiency tax assessments, despite repeated demands, constitute willful failure to pay the taxes due to the government," the agency said.
Paladin Security's tax liability is composed of P26.75 million in income tax and P21.51 million in value-added tax. (Sunnex)