Cardboard maker faces tax evasion case

-A A +A

Thursday, December 19, 2013

THE government has been cleared by the Court of Appeals (CA) to run after a cardboard manufacturing firm which allegedly evaded taxes worth millions of pesos.

In a resolution, the CA former Twelfth Division stood pat in its May 31 decision favoring the criminal prosecution of Chiat Sing Cardboard Corp.

"A perusal of the instant motion for reconsideration reveals that no substantial arguments were presented that is meritorious enough to warrant the consideration much less reversal of our May 31, 2013 decision," stated the resolution written by Associate Justice Angelita Gacutan.

According to the Bureau of Internal Revenue (BIR), Chiat Sing allegedly underdeclared its income by P10.6 million and P5.7 million in 1999 and 2000, respectively.

The company is engaged in the manufacture, import, export and wholesale trading of cardboard, paperboard, corrugated carton containers and similar products.

The complaint is pending before the Department of Justice (DOJ). (Sunnex)

Local news

DISCLAIMER: Sun.Star website welcomes friendly debate, but comments posted on this site do not necessary reflect the views of the Sun.Star management and its affiliates. Sun.Star reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.

Forum rules: Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent and respectful. Do not shout or use CAPITAL LETTERS!
Holy Week 2014

FOREX: US$ 1.00 = PhP 44.517

Bangko Sentral ng Pilipinas

Philippine Lotto Results

Gamesort iconCombinations
Swertres Lotto 11AM8-9-8
Swertres Lotto 4PM4-5-2
Swertres Lotto 9PM6-0-7
EZ2 Lotto 9PM04-02

Sun.Star Jobs
  • tell it to sunstar
  • Pnoy
  • Philippine Polls
  • Sunstar Multimedia
  • Technology
  • Calamity Report
  • Sun.Star Zup!
  • Pacman blog
  • ePaper
  • Festivals
  • Sinulog
  • Habemus Papam
  • SunStar Celebrity
  • Obituary
  • Filipino Abroad
  • goodearth