Browsing All posts tagged under »undeclared tax«

Unitop pays P50M to stop BIR from closing its stores

November 21, 2011

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Retailer only declared 70% of actual sales; owes gov’t P97M in taxes   A retail store with 40 outlets nationwide including Cebu and Bohol narrowly escaped having all its outlets locked up yesterday by the Bureau of Internal Revenue (BIR). Owners made a swift P50-million partial payment in the BIR main office in Manila to […]

Breaking: Unitop management preempted a raid by the Bureau of Internal Revenue on their stores by paying P50 million in taxes. A BIR “Oplan Kandado” team was about to close five branches in Cebu this morning. Unitop owes P97 million in taxes. Partial payment was made in the BIR central office in Manila./ Reporter Candeze Mongaya

November 21, 2011

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