MANILA, (PNA) — The Bureau of internal Revenue on Thursday filed before the Department of Justice a P10.96-million tax evasion case against an owner of a condominium unit.
Charged was Shank Kaye, owner of unit 706-C One Serendra, in Bonifacio Global City, Taguig City.
In a press conference, BIR Commissioner Kim S. Jacinto-Henares said they charged Kaye for willful attempt to evade or defeat tax, deliberate failure to make a return, willful failure to withhold and remit tax, and for use of fake BIR certificate authorizing registration and tax clearance certificate, all in violation of the National Internal Revenue Code of 1997.
Investigation showed Kaye purchased a condominium unit in One Serendra from Kamari Overseas Limited in the amount of P14 million on July 14, 2011.
Kamari is a non-resident foreign corporation.
However, BIR probers found the sale of condominium unit to Kaye fraudulent since the corresponding taxes were not paid before the title was transferred.
It was also verified the condominium certificate of title corresponds to an entirely different sale transaction where the vendor is another corporation, and not Kamari.
It was further certified by the concerned Revenue District Office that no taxes were ever withheld or paid, neither were there tax returns filed, pertaining to the transaction between Kamari and Kaye.
Henares said Kaye was charged for a total tax liability amounting to P10.96 million, inclusive of surcharges and interests, such as final withholding tax of P10.44 million and documentary stamp tax of P520,000.