A HARDWARE company based in Barangay Catarman, Liloan town was ordered closed by the Bureau of Internal Revenue (BIR) 7 for failing to pay taxes and for allegedly selling substandard materials.

Personnel from the BIR 7 led by Chief Revenue Officer Nico Lim implemented the temporary closure order against Cebu Grand Dragon Marketing Corp. on Friday, March 19, 2021.

SunStar Cebu tried to get the comment of James Lu, the firm’s owner, but to no avail.

Lim, who is also BIR 7’s Tax Fraud Section chief, said it took them three months to investigate the firm before they decided to issue the temporary closure order.

Lim said that during their investigation, they found the firm selling substandard materials.

Lim said that one of their personnel who conducted a test-buy encountered one staff member of the firm advising customers that the products they are selling are substandard.

Section 115 of Tax Code