Page 1 of 11 12345 ... LastLast
Results 1 to 10 of 105
Like Tree2Likes

Thread: BIR: Huge drop in Pacquiao tax payments

  1. #1
    Tsikot Member Rank 5 chua_riwap's Avatar
    Join Date
    Sep 2003
    Location
    Where people pray 5X a da
    Posts
    18,659

    Default BIR: Huge drop in Pacquiao tax payments

    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; 03-08-2012 at 06:10 PM.


  2. #2
    Tsikot Member Rank 5 ghosthunter's Avatar
    Join Date
    Oct 2002
    Location
    nowhere
    Posts
    29,433

    Default Re: BIR: Huge drop in Pacquiao tax payments

    Congressman Pacquiao na kasi eh.

  3. #3
    Tsikot Member Rank 5 chua_riwap's Avatar
    Join Date
    Sep 2003
    Location
    Where people pray 5X a da
    Posts
    18,659

    Default Re: BIR: Huge drop in Pacquiao tax payments

    from P100M to P7M na lang?
    baka lumiit kita.......

    si willie menyek? good taxpayer?

  4. #4
    Darker and Bigger shadow's Avatar
    Join Date
    Oct 2002
    Location
    I am behind you...
    Posts
    17,493

    Default Re: BIR: Huge drop in Pacquiao tax payments

    tinuruan ni chavit...

  5. #5
    BANNED BANNED BANNED CoDer's Avatar
    Join Date
    Sep 2005
    Posts
    3,854

    Default Re: BIR: Huge drop in Pacquiao tax payments

    Wow 100M for BIR only.

    Sayang ang pera.

  6. #6
    Tsikot Member Rank 5 chua_riwap's Avatar
    Join Date
    Sep 2003
    Location
    Where people pray 5X a da
    Posts
    18,659

    Default Re: BIR: Huge drop in Pacquiao tax payments

    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.

  7. #7
    Tsikot Member
    Join Date
    Nov 2010
    Location
    I-Funtok,I-faguio,I-fugao
    Posts
    97

    Default Re: BIR: Huge drop in Pacquiao tax payments

    Quote Originally Posted by chua_riwap View Post
    laki pala tax payments ni pacman.
    kaso, la sya lusot kay henares......


    BIR notes huge drop in Pacquiao tax payments | ABS-CBN News
    Maybe Pacman has finally learned the ropes of government bureaucracy especially the magical way of stifling tax payments.

    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.

  8. #8
    Tsikot Member Rank 5 ghosthunter's Avatar
    Join Date
    Oct 2002
    Location
    nowhere
    Posts
    29,433

    Default Re: BIR: Huge drop in Pacquiao tax payments

    bawi yung Bible ambassador title ni Manny



    --------------------------------


    Looks like the new one learned a few old tricks.


    ---------------------------------


    ironic or what?

  9. #9
    Tsikot Member Rank 5 ghosthunter's Avatar
    Join Date
    Oct 2002
    Location
    nowhere
    Posts
    29,433

    Default Re: BIR: Huge drop in Pacquiao tax payments

    "Bahala na si Batman ???"


  10. #10
    Tsikot Member Rank 5 chua_riwap's Avatar
    Join Date
    Sep 2003
    Location
    Where people pray 5X a da
    Posts
    18,659

    Default Re: BIR: Huge drop in Pacquiao tax payments

    pa-bible bible pa siya, mandaraya naman pala........


Receive Latest Cars For Sale Alerts via Email

Enter your email address:

Delivered by FeedBurner

Tsikot Car Finder Latest Car Listings
Thousands of Tsikoteers see these ads everyday. Get better results with your car ads. Post your cars for sale at Tsikot Car Finder now!


Page 1 of 11 12345 ... LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •