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Monday, September 16, 2019

Tarlac pet shop closed due to under declaration

CITY OF SAN FERNANDO -- The Bureau of Internal Revenue (BIR) Revenue Region 4 (RR4) led the closure of the Matias Pet Shop in Tarlac City after the said establishment was found to have under declared its sales for at least two years.

BIR RR4 Regional Director Jethro Sabarriaga said that the establishment owned by one Ma. Teresa de Jesus made under declarations for 2013 and 2014.

Sabarriaga said that the establishment only declared sales of P230,000 per year during which time it was operating two branches in a local mall.

It was found out during the BIR surveillance that said establishment earns an average of P6, 000 per day or least P1.9 million a year.

Earlier, two business establishments in Angeles City were closed down for operating without the required certificates of registration.

Woori Pawnshop and Jhanezell Cellphone and Internet Cafe were the first establishments closed for the year under Oplan Kandado.

The BIR RR4 is set to close 20 more establishments before the end of February this year.

Sabariaga added that “Oplan Kandado” is an initiative of the BIR that aims to intensify the Bureau’s enforcement operations through strict imposition of prescribed administrative sanctions for non-compliance with the basic tax requirements. The business operations can be suspended or temporarily closed for the following grounds: failure to issue receipts or invoices by a VAT registered or registrable taxpayer; failure to file a VAT return; understatement of taxable sales or receipts by 30 percent or more of the correct amount thereof in the case of a VAT-registered or registrable taxpayer; or failure to register.

The closure of a business establishment shall last for a period of not less than five days, and shall be in force until the violation is rectified by the concerned taxpayer.

The program is part of the regions revenue initiatives as it tries to comply with a collection target for the year which is 42 percent higher than the collection of P22.1 billion. The BIR RR4 had a target collection of P26.3 billion last year and must collect some P31 billion for this year.

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