March 8th, 2012, 07:03 PM #1
laki pala tax payments ni pacman.
kaso, la sya lusot kay henares......
BIR notes huge drop in Pacquiao tax payments | ABS-CBN News
MANILA, Philippines - Bureau of Internal Revenue commissioner Kim Henares explained Thursday that the bureau was forced to sue Sarangani Rep. and boxing champ Manny Pacquiao because he continued to ignore the BIR's requests for copies of his contracts.
Speaking to radio dzMM, Henares said Pacquiao's tax payments dropped from over P100 million in 2008 to only P7 million in 2009.
She said Atty. Rozil Lozares of BIR District 18 sued Pacquiao for violation of Article 266 of the National Internal Revenue Code because the boxing champ continued to ignore the BIR's requests for his contracts.
"We haven't reached to the point that he is evading taxes. We are asking him for copies of his contracts to different companies, which he has not given or has refused to give," she said.
The BIR wants to investigate 33 tax records, including Pacquiao’s annual income tax return in 2010, his book of accounts, list of assets, as well as his earnings from his fights against Antonio Margarito and Joshua Clottey.
The agency also asked Pacquiao to produce 29 copies of his contracts for endorsements, including endorsements with Ricoa, Pagcor, and PLDT.
Henares said the BIR has already stopped giving awards to the country's top taxpayers "because paying a large amount does not necessarily mean you are paying the correct amount."
Last edited by chua_riwap; March 8th, 2012 at 07:10 PM.
March 8th, 2012, 07:12 PM #2
Congressman Pacquiao na kasi eh.
March 8th, 2012, 07:16 PM #3
from P100M to P7M na lang?
baka lumiit kita.......
si willie menyek? good taxpayer?
March 8th, 2012, 09:29 PM #4
tinuruan ni chavit...
March 8th, 2012, 10:31 PM #5
Wow 100M for BIR only.
Sayang ang pera.
March 9th, 2012, 02:38 AM #6
Pacquiao asks BIR for time to present records - The Philippine Star » News » Headlines
Pacquiao asks BIR for time to present records
MANILA, Philippines - World boxing champion and Sarangani Rep. Manny Pacquiao appealed yesterday to the Bureau of Internal Revenue (BIR) to give him more time to present his tax records after the agency filed contempt charges against him in a Koronadal court for failing to submit the required documents.
Pacquiao said there could have been some miscommunication or an honest error on the part of his staff and stressed he has no intention of violating any BIR regulation.
“I already sent a staff member to the BIR office. But if they (BIR officials) saw something wrong, I wish they would give us enough time to correct it,” Pacquiao told GMA-7.
BIR Commissioner Kim Henares earlier told The STAR that the world boxing champion is facing contempt charges and not tax evasion charges.
The BIR, through the agency’s regional director Rozil Lozares, issued a Letter of Authority to Pacquiao requiring him to submit documents to the agency regarding his earnings and corresponding tax payments.
“All our regional directors can issue a Letter of Authority. It’s a normal examination,” Henares said.
She said taxpayers, especially those with businesses, should be subject to a tax audit at least once a year.
The BIR’s Letter of Authority is an official document that empowers a revenue officer to examine and scrutinize a taxpayer’s books of accounts and other accounting records, in order to determine the taxpayer’s correct internal revenue tax liabilities.
Henares said the BIR has been asking Pacquiao to submit his tax records to the agency to check if there are deficiencies but he apparently snubbed the agency’s request for documents.
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March 9th, 2012, 05:30 PM #7
- Join Date
- Nov 2010
And right now, baka he is testing the waters kung uubra ba.
Kung hindi, he can always take the noble route, recant his rather dubious tax declaration and claim that it was just an honest to goodness mistake.
After being proclaimed Mr. Bible Ambassador, I give him the benefit of the doubt na baka nga... nagkaroon lang ng typo error.
March 9th, 2012, 05:44 PM #8
bawi yung Bible ambassador title ni Manny
Looks like the new one learned a few old tricks.
ironic or what?
March 9th, 2012, 05:46 PM #9
"Bahala na si Batman ???"
March 9th, 2012, 06:38 PM #10
pa-bible bible pa siya, mandaraya naman pala........