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."
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March 8th, 2012 07:03 PM #1Last edited by chua_riwap; March 8th, 2012 at 07:10 PM.
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March 8th, 2012 07:16 PM #3from P100M to P7M na lang?
baka lumiit kita.......
si willie menyek? good taxpayer?
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March 9th, 2012 02:38 AM #6Pacquiao 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 #7Maybe Pacman has finally learned the ropes of government bureaucracy especially the magical way of stifling tax payments.
Originally Posted by chua_riwap
laki pala tax payments ni pacman.
kaso, la sya lusot kay henares......
BIR notes huge drop in Pacquiao tax payments | ABS-CBN News
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.
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March 9th, 2012 05:44 PM #8bawi yung Bible ambassador title ni Manny
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Looks like the new one learned a few old tricks.
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ironic or what?
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March 9th, 2012 07:33 PM #11Oist, give him time daw. Gagawa pa ng matinding palusot... Originally Posted by chua_riwap
pa-bible bible pa siya, mandaraya naman pala........
Fasten your seatbelt! Or else...
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March 10th, 2012 03:42 PM #12Isnt he taxed int he US already? Then he's taxed a second time here? Sorry, not familiar on these things.
If i were Pacman, i'd have a good tax lawyer or law firm on payroll aside from accountants. Worked with them on some deals at work already and they're very useful indeed.
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March 10th, 2012 04:00 PM #13Correct. Taxed sa US at pinas, kaya mas mahaba training period nya dito sa Pinas para kunti lang tax nya sa US. Originally Posted by vinj
Pero Php 100M for tax payment alone. Grabeh sayang ng pera.
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March 11th, 2012 10:04 AM #14Manny should've had a tax consultant na dati pa... but i know he does... nasagap ko na yun dati... ex deal lang ata... laging may ticket sa laban ni Manny... but kung talaga bang binubusisi ang records nya prior to filing para maayos ang pagkaka file... or belated na like pag may problema na tsaka ipinatatawag.. well yun ang di malnaw...
on the other hand, lumalabas uli dito ang lantaran na DOUBLE STANDARD ng admin na ito... why double standard?
in the process of tax audits... part ng process yung pag hingi ng BIR ng mga documents from the taxpayer.. nasa lugar naman din na mag issue ang BIR ng SDT for those records (subpoena duces tecum).... Malamang na isyuhan na yan ng SDT kaya nga nag file na ng charges... but.. sa pagkaka alam ko... although nasa option naman talaga ng BIR na mag charge for non submission of documents... pero kadalasan, BIR would most often proceed to the next step, which is to make an assessment based on the best evidence they can obtain (which well... sky is the limit ika nga).... from there.. may assessment... then eventually aabot ng final assessment.. pag di nagbayad, yan kaso na...
but by choosing to file dito pa lang (non submission of documents).. hinihiya nya lang si Pacman.. to get him to follow... mas nakakahiya kung tax evasion agad ang icharge... kung di nila mahagilap si pacman sa gensan / koronadal.. alam naman na makikita sya sa congress (unless lagi din sya absent) so di dun na lang sya kausapin na pwede sya i charge ng kaso... kaya makipag usap sya etc etc...
question - bakit nila charge at this point? hiyain? yes kung serious talaga sila... charge nila pag lumabas na yun final assessment at di nagbayad... para full due process na.. wala ng kawala... if they just want to set an example for other people.. kailangan pa ba hiyain? ang kailangan gawin ng BIR is to be transparent... instead na puro tax charges ang naka media.. i media nila yung tax mechanisms.. papano ang tamang compute.. ang tamang proseso sa pag audit... para informed ang taxpayers.. at walang opportunity ang mga nasa loob ng BIR na kumita at the cost of taxpayers money and government spending...
pero di nila ginagawa... mas madali sa kanila ang mag file ng kaso... di na kailangan iinform / educate ang tao paano ang tama at tuwid na proseso... so shrempe, may opportunity sa loob para kumita...
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March 11th, 2012 11:21 AM #15hinde naman tax evasion na criminal case eh, parang subpoena Lang na mag comply ton submit the papers, ilan beses na daw napadalan ng request pero hinde nag comply so now they went to the court para ma compel mag submit, Originally Posted by wowiesy
he was given many chances to submit the documents pero hinde nag comply so Ano dapat gawin ng BIR? Red flag naman talaga na from 100M+ thrn nag dropped to 7m Ang tax payment
double standard yes, but advantageous to pacman and sign of respect, Kung ordinary Lang yan tax evasion agad Ang I file nila and bahala ka na mag prove thru your documents Sa court na hinde ka nag violate.
I don't when BIR is doing their job, Mali if they are not Mali pa rinLast edited by shadow; March 11th, 2012 at 11:27 AM.
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March 27th, 2012 03:21 AM #16si packy, nahirit pa eh.......
Henares: BIR followed SOP in Pacquiao case | ABS-CBN News
Henares: BIR followed SOP in Pacquiao case
MANILA, Philippines –Bureau of Internal Revenue (BIR) Commissioner Kim Henares denied that the agency was harassing Sarangani Representative Manny Pacquiao, noting that the agency followed its standard operating procedure when conducting a tax audit.
Pacquiao on Monday slammed the BIR for filing a case against him which, he said, tarnished his name and caused foreign companies to drop him as an endorser. But in an interview with ANC’s Top Story on Monday, Henares said they were only doing their job.
“That’s our job. We investigate and then we ask them to give us documents. And Congressman Manny Pacquiao, despite numerous notices has not done that,” Henares said.
“We are still at the point where we are asking him, investigating him and asking him to give us documents. And that is normal standard operating procedure when we audit somebody,” she added.
Early March, the BIR filed a case against Pacquiao for violating Section 266 of the National Internal Revenue Code, which is failure to heed summons.
“It also normal and standard operating procedure if, after several notices, the taxpayer does not (submit documents), we file a case against him for violation of Section 266,” Henares said.
The commissioner also noted that Pacquiao’s case is “very simple.” “He presents documents and the case will be withdrawn,” she said.
Pacquiao claims, however, that he has already sent a messenger to present documents to the BIR regional office twice.
In the first instance, the BIR did not accept the documents because there were some missing papers. When Pacquiao's messenger went to the BIR some time later with the documents, the agency once again did not accept the papers because the regional director was not present on that day.
Foreign and local income
Among the documents the BIR is asking for are Pacquiao’s contracts for his 2010 fights against Joshua Clottey and Antonio Margarito.
The boxer insists, however, that he should no longer be taxed in the Philippines for his earnings in those fights since he has already paid taxes with the Internal Revenue Service in the United States.
Henares explained, however, that a Filipino citizen is taxed on his global income.
“You are supposed to report your income, and compute for Philippine taxation and minus whatever US or foreign taxes you pay. If that is still (lacking), you pay the difference,” she said.
“And I just want to clarify. We are not talking about his foreign income. We are talking about his Philippine income,” Henares said, adding that Pacquiao earns a lot of money from his commercials and advertisements, as well as a game show.
“For those [income] that you earn in the Philippines, and I don’t think he can deny that he earns a lot of money in the Philippines, he should pay Philippine taxes,” Henares said.
Moreover, Henares does not understand why Pacquiao is “creating so much fuss” about the case filed against him.
“I don’t understand what Congressman Pacquiao is griping about, when he could just have presented the documents, his endorsements and his contracts,” she said.
Pacquiao’s lawyers are planning to contest the validity of the subpoena that the BIR served the boxer.
“We are going to contest this and secure a ruling from a court, eventually, to declare the subpoena as null and void, and therefore, the criminal case that arose out of it is likewise without basis,” said Dean Abraham Espejo of the New Era University.
According to Henares, Pacquiao’s tax payments went down drastically in 2009 and 2010 after being one of the top taxpayers in the country in 2008.Last edited by chua_riwap; March 27th, 2012 at 03:27 AM.
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March 27th, 2012 03:46 AM #18sayang pagbabasa nya ng bibliya at pagiging relihiyoso.... Originally Posted by marg
he-he!Last edited by chua_riwap; March 27th, 2012 at 03:49 AM.
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March 27th, 2012 12:27 PM #19sino nanaman kaya kumita sa mga nakapaligid Sa Kanya?
Wala naman double taxation Diba ibabawas naman Sa tax due niya dito whatever amount nabayad na niya Sa US? Kung na accessed siya dito ng P100m then he already paid taxes Sa US na worth P50m ibabawas Yun dito
Saka hinde naman siya OFW para tax free...why need to slug it out if he can just show documents na nagbayad siya eh di tapos na, Kim henares said naman na as soon as he submit the documents pull out na nila yun case Sa court.
What I don't like is power tripping na eh, dapat daw alisin yun BIR head doon Sa region ng province niya, ginagawa Lang naman niya trabaho niya.
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Originally Posted by chua_riwap
