MANILA, Sept. 17 (PNA) — The Bureau of Internal Revenue (BIR) on Thursday filed before the Department of Justice a Php101.7-million tax evasion case against a company owned by Janet Lim Napoles for unreported property acquisitions.
The BIR charged JCLN Global Properties Development Corporation (JCLN Corp.), together with its president James Christopher L. Napoles and its treasurer Jo Christine L. Napoles, for willful attempt to evade or defeat tax, and deliberate failure to supply correct and accurate information in its Income Tax Returns (ITRs) for taxable years 2008, 2009, 2010 and 2011.
JCLN Corp. is a domestic corporation registered with the Securities and Exchange Commission (SEC) which holds office in Malate, Manila.
It is engaged in the business of developing, buying, selling and leasing of real estate properties.
The case against JCLN Corp. and its responsible corporate officers was prompted by media reports on the investigation conducted by the National Bureau of Investigation (NBI) on the alleged misuse of Priority Development Assistance Fund (PDAF) that were delivered to Non-Governmental Organizations (NGOs).
Documents show that JCLN Corp. acquired various properties located in Pasig City, Quezon City, Manila, Taguig City, Bulacan and Kidapawan City, Cotabato amounting to Php16.5 million in 2008, Php36.07 million in 2009, Php44.19 million in 2010 and Php43.21 million in 2011.
The acquisitions included condominium units in G5 and G6 Residences, Discovery Center, The Beaufort and Eastwood Lafayette One Libis.
However, JCLN Corp. failed to report the said acquisitions in its Comparative Audited Financial Statements (AFS) for the concerned taxable years.
The BIR said that the failure of JCLN Corp. to report said purchases in its AFS is a concealment of assets for taxable years 2008 to 2011 which is evidently a scheme to conceal undeclared revenues.
It added that as a consequence, JCLN Corp. was also sued for an aggregate deficiency income tax liability of Php101.717 million, including surcharges and interests. (PNA)