Pacquiao Owes The Government 2.2 billion in Taxes

[_Qwerty_]

dapat gumawa nang batas na pag ang isang athlete lumaban sa ibang bansa for a belt at nanalo.. hindi na dapat ni tatax yung kita.. binibigyan na nga tayo nang karangalan.. tapos pahihirapan pa.. same with incentives nang mga athletes sa olympics pag naka gold.. hindi naman ni ta tax yun diba..

[CVT]

TAX101

1. A Filipino Citizen (which, last I know Manny Pacquiao is) is taxed for ALL his income.. whether earned within the country, or outside (may mga listed exceptions - but for the purpose of this thread, MP really should be taxed for all his income)... so.. yung trail ng BIR na check all Earnings... nasa lugar (at least on paper)...

2. May tax treaty between Manila and Washington... somehow.. the taxes (perhaps not all, but some as those agreed upon in the treaty) paid in the US (as host country) can be CREDITED in the PH for the purposes of computing total tax due... so in this case.. tama din lang ang trail ng BIR na get the earnings.. then get the actual tax paid... para ma credit...

yung usapan sa media.. well.. nasa Pilipinas tayo... lahat yan na mamaniobra... perhaps MP has a play on this.. and BIR has no choice but to respond thru media lest the government be seen in a bad light, which will ultimately affect the popularity of the one residing in Malacanang...

possilbe na yung letter ni Top Rank ay letter lang... not certification.. as mentioned earlier.. kung accountant sana sa US ang nag issue nun.. maaari din baka tanggapin na... dito nga eh.. certificaiton from bank lang on interest paid ubra na sa BIR eh...

as per interview kanina kay Henares.. 2.2B is total inclusive of penalties and surcharges... so kung 2 years na to.. lobo na talaga to... but on the other hand... BIR also has the tendency to bloat the assessment.. kasi in our tax environment, it is the taxpayer who has the burden of proof on income earned... and allowable deductions incurred... all the BIR has to do is show a semblance of income (no matter how bloated).. it is the taxpayers duty and defense.. to double check what BIR is alleging... sabi nga ni Henares kanina.. mukhang di naman kino contest ni MP yung part ng assessment.. ang kino contest ni MP ay yung taxes paid... style yata dapat dito as a defense.. is to attach both ends: yung basis ng BIR sa assessment which is san nila na base yung earnings / income... to arrive at the computed tax... then secondly.. attack the merits of the taxes being imposed... and the allowed deductions... then sa dulo attack / defend also on the taxes already paid in the US... although sa ganitong laban.. documentation talaga... burden of proof is on the taxpayer.. so minsan.. kung maayos ang records ng taxpayer.. at kita nya exposure nya... titimbangin din.. kung maliit ang nasilip ng BIR... sige na.. kung mas malaki.. laban...

may mga nasagap na ako na experiences.. na say... Letter of Notice issued to taxpayer.. kesyos TPI (third party info)... so lalabasan ka ng assessment na say 100M underdeclared sales... pero di nya ilalabas kung pano nya na compute yung 100M... kung may abilidad ka.. makukuha mo.. kung wala.. or kung inunahan ka ng takot / overwhelmed sa assessment na 100M.. tapos ka na... . now pag nakuha mo yung basis nila sa 100M.. even from BIRs own listing. makikita mo.. bloated.. may mga entries na multiple times lalabas sa listing.. para ma bloat.... sinasadya ba yan ng tao sa baba para kumita... o "honest error" ng system ng BIR.. we never really know... why? it works well for both.. yung corrupt na BIR na empleyado... at sa BIR mismo.... iipitin ang tax payer.. kung mapilitan magsuhol ang taxpayer.. matuwa yung mga tataba ang bulsa sa BIR... pag nagbayad ng may resibo sa BIR.. matutuwa pa rin sila kasi credited sa collection effort nila... so either way.. the taxpayer gets scr*w*d..

which makes the PDAF / DAP issue more painful... iipitin nila taxpayer... mapupunta sa PDAF / DAP... and yet.. tapos yung kaso ng mga senador / congressman will drag for how many years.. they are still called honorable... and yet ordinary tax payer... ipinapasara agad ang negosyo... garnish agad ang assets... tahimik sila o wala sila (BIR) quota sa pagtanggal o sa pag file ng cases sa mga tiwaling BIR na kawani... importante habulin lang taxpayer.. pero sa loob.. hindi nila malinis...

secondly.. I believe the real solution to this is tax education... ieducate ang lahat.. common tao.. businessmen etc... on tax issues... how to compute.. the right way to compute etc.. ano ang pwede.. ano ang di pwede... sa part ng BIR be transparent to the taxpayers.. para mapadali ang tax administration... ang problema sa Pilipinas / BIR.. they prey on the ignorance of the taxpayers.. kasi nga.. either makinabang sarili nilang bulsa .. or credited sa collection effort nila kung talagang nagbayad ng naka resibo sa BIR.. wala silang talo...

pero ang talo.. taxpayer... ang talo.. yung sinasabi nilang BOSS NILA...

That is the way I understood it too, bro.

And so, the burden of proof normally rests on the shoulder of the taxpayer,- PacMan in this case.

May mga BIR auditors nga kami rito sa kumpanya,- halungkat lahat for 5 years.... And, shotgun approach... Lahat isasama....

Ang trabaho namin,- isa-isahin ang mga isinama nila for tax at i-prove na nabayaran na namin ng tama o hindi kami dapat magbayad,.. Nakatabi lahat ng references namin.

Kapag nakita nilang may malaking butas,- kawawa ka na.... Hahalungkatin hanggang 10 years(?) before.....



21.7K:outcold:

[_Qwerty_]

diba may period lang na pwede nila halungkatin? 3 years lang yata? after that hindi na pwede?

That is the way I understood it too, bro.

And so, the burden of proof normally rests on the shoulder of the taxpayer,- PacMan in this case.

May mga BIR auditors nga kami rito sa kumpanya,- halungkat lahat for 5 years.... And, shotgun approach... Lahat isasama....

Ang trabaho namin,- isa-isahin ang mga isinama nila for tax at i-prove na nabayaran na namin ng tama o hindi kami dapat magbayad,.. Nakatabi lahat ng references namin.

Kapag nakita nilang may malaking butas,- kawawa ka na.... Hahalungkatin hanggang 10 years(?) before.....



21.7K:outcold:

[shadow]

loko tong BIR ang gusto daw original docs from IRS.. eh hindi naman daw nag re release nang original docs ang IRS.. kaya ayun.. ni tax lahat nang kita ni pacman.. parang mga ogag tong nasa BIR..

not true, they are asking for certified true copy

[_Qwerty_]

yun sabi ni pacman sa interview.. original daw hinihingi nang BIR..

not true, they are asking for certified true copy

[shadow]

its easy to disprove BIR, just show them the pertaining documents from IRS, eh di tapos na!

tama ba na tax payers still need to apply for tax exemption based sa tax treaty cuz ang normal talaga eh double taxation unless mag apply ka or submit documents diba?

and all the spins ha...where the money came from, he working hard to earned it, him being a hero...newsflash! irrelevant and was never the issue.

[shadow]

yun sabi ni pacman sa interview.. original daw hinihingi nang BIR..

spin from the spin doctors...what they submitted according to henares was certification from Top Rank na nagbayad na si PAcky ng taxes sa IRS, ang gusto ng BIR eh proof of payment not certification from top rank, sino ba top rank? and heneres said certified true copy is enough...sinabi rin niya na hinde lang si Packy ang pinoy na meron income sa US, bakit yun iba naka comply sa kanila si PAcky hinde or ayaw talaga.

ginamit pa yun mga typhoon victims, umutang na lang daw siya para may maitulong...eh P1.1M lang pala yunna garnish tapos nun July pa yun...

eh kung wala na siya pera uutang para unahin pa yun mga victims, hinde niya gagastusin muna para sa pamilya niya.

[Ry_Tower]

Certified true copy need nang BIR, kaso hindi nga daw nagbibigay IRS. So sabi ko nga, maki-usap na lang si pacman na baka puwede photocopy tapos tawagan nila IRS to confirm para tapos. Baka kasi may pinagtataluhan pa yan sa computation kaya tumagal nang ganyan.

Habang tumatagal yan, lalong masama para kay pacman. IMHO ayusin na niya agad yan ASAP.

[_Qwerty_]

as per shadow.. bakit yung iba nakakakuha??

malamang yan tinatago yung earnings sa pay per view.. ayaw pakita para di ma tax-an dito..

Certified true copy need nang BIR, kaso hindi nga daw nagbibigay IRS. So sabi ko nga, maki-usap na lang si pacman na baka puwede photocopy tapos tawagan nila IRS to confirm para tapos. Baka kasi may pinagtataluhan pa yan sa computation kaya tumagal nang ganyan.

Habang tumatagal yan, lalong masama para kay pacman. IMHO ayusin na niya agad yan ASAP.

[shadow]

Certified true copy need nang BIR, kaso hindi nga daw nagbibigay IRS. So sabi ko nga, maki-usap na lang si pacman na baka puwede photocopy tapos tawagan nila IRS to confirm para tapos. Baka kasi may pinagtataluhan pa yan sa computation kaya tumagal nang ganyan.

Habang tumatagal yan, lalong masama para kay pacman. IMHO ayusin na niya agad yan ASAP.

eh based sa IRS website nagbibigay sila

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