BIR: Huge drop in Pacquiao tax payments

[Ry_Tower]

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

Oist, give him time daw. Gagawa pa ng matinding palusot...

[vinj]

Isnt 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.

[CoDer]

Isnt 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.

Correct. Taxed sa US at pinas, kaya mas mahaba training period nya dito sa Pinas para kunti lang tax nya sa US.

Pero Php 100M for tax payment alone. Grabeh sayang ng pera.

[explorer]

kung ako si pacquiao...mag US citizen nalang ako para wala na akong bayaran pang tax dito sa pinas everytime may ako sya sa US...oh wait...paano nalang political dreams ko?

balak pa naman maging presidente....punta kalang sa America

[Monseratto]

Hinahabol ata sa kanya beside yung fight winnings ang mga product endorsements. Magkano ata nakukuha for each endorsement?

[tsupermario]

na kay arum ang pambayad ni pacman ng tax, nakalimutan ibigay sa bir

[wowiesy]

Manny 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...

[shadow]

Manny 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...

hinde 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,

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 rin

[chua_riwap]

si 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.

[marg]

PAKYAW. Lawmaker who does not want to follow the Law.