A PRIVATE firm has resumed operations after paying P3 million in penalty for several tax violations including under declaring its revenue.
Blyzer Trading opened its three branches on March 28 after it was padlocked by the Bureau of Internal Revenue (BIR) last March 19 for underdeclaring more than 30 percent of its revenue, and for failing to issue sales invoice.
Closed was their main office on Burgos Street and its stores at Libertad and Barangay Sum-ag, all in Bacolod City.
BIR Region 12 Director Eduardo Pagulayan Jr. told SunStar Bacolod that based on revenue regulation, the erring establishment may again operate upon payment of computed fine.
Pagulayan said the amount would depend on whether the establishment would pay upon or after the issuance of the closure order, and the gravity of the offense.
“In the case of Blyzer Trading, the penalty was reduced to P3 million since the establishments were padlocked. If they opted for non-closure, they are subject to a payment of P5 million,” he added.
“The heavier the offense, the bigger the penalty is,” Pagulayan said, as he pointed out that the P3 million payment made by Blyzer already covers its deficiency and penalty for non-issuance of the sales invoice.
The closure order for violations of Section 115 of the National Revenue Code of 1997 was addressed to the owner Antonio Correos Pinto, who is a Chinese national.
His son Charles, who received the order, earlier said they will comply with the requirements and settle their deficiency immediately.
The establishments were subjected to 10-day surveillance last year.
The surveillance operations are under the agency's Oplan Kandado program, which provides the suspension of business operations of non-compliant taxpayers and closure of establishments found to have violated certain tax laws.
Pagulayan said the violation of Blyzer Trading was actually reported first to the Office of the President, through the 8888 hotline. It was then forwarded to the Department of Finance and BIR.
Pagulayan said the agency’s warning among tax evaders stays, as he reiterated that there are still erring establishments in Negros Occidental, especially Bacolod City.
“We are still targeting a lot of erring taxpayers here. Despite our warnings, they still keep on not issuing sales invoice,” he added.