BSP gold trade mine, sues 3 more traders for 5.9 B tax evasion

"Pay the correct taxes for the BIR will Run After Tax Evaders"

Gold Traders who made billions of sales transactions where the sum of taxes was as just too enormous to be ignored by the Bureau of Internal Revenue (BIR). Today the BIR filed with the Department of Justice (DOJ) separate complaints against three (3) more gold traders – AURELIO S. BARING (Baring), REX CHUA CO HO (Co Ho) and REMEGIO B. DESCALSOTA, JR. (Descalsota, Jr.) - for committing acts constituting violations of Sections 254 and 255 of the National Internal Revenue Code of 1997, as amended.

BIR RATE files 4.65 Billion Tax Evasion cases against 4 Gold Traders

Remember the Golden Rule: He who sells gold should obey the tax rule

The Bureau of Internal Revenue (BIR) filed a combined 4.65B tax evasion cases with the Department of Justice (DOJ) against four Gold Traders.  Two Gold Traders in Bulacan, One in Baclaran and one in Caloocan City. The Gold Traders failed to file their Annual Income tax returns , in violation of Sections 254 and 255 of the Tax Code.

BIR will allow Out of District Returns for Employees

BIR issued Revenue Memorandum Order 18-2011 dated April 14, 2011. Allowing Employees Receiving Purely Compensation Income to file anywhere.

April 15th 2011 is the Last Day of filing your ITRs

Image courtesy of TIED

This is the LAST DAY of filing your Income Tax Returns (ITR).  Taxpayers filing after this will have to settle penalties on top of their tax dues.

Fire At the BIR National Office

Fire started at the vulcanizing shop beside the Central Bank

 Fire broke out just in front of the BIR National Office today April 11th. People were seen hauling their belongings as the fire continued to rage.