BIR hounds 3 execs of packaging firm for P2-B tax

Bureau of Internal Revenue Commissioner Kim Jacinto-Henares. File photo

Three executives of a packaging company who allegedly refused to settle close to P2 billion in tax liabilities to the government were added to the more than 100 alleged tax cheats charged before the Department of Justice by the Bureau of Internal Revenue (BIR).

Internal Revenue Commissioner Kim Henares on Thursday led the filing of a tax evasion case against Henry Yu, Norberto Duque and Joseph Yu, president, treasurer and import manager, respectively, of Jedvam Manufacturing Corp. for their “willful failure” to pay taxes for 2007 and 2008.

“They have been audited and assessed for taxable years 2007 and 2008. Despite the assessment becoming final, they did not settle (the taxes due to the government),” Henares told reporters.

She said the case against the Jedvam officials was the 103rd tax suit filed by the BIR’s Run After the Tax Evaders group under the Aquino administration.

According to Henares, Jedvam refused to comply with the letter of authority issued by the BIR which directed the company to submit its book of accounts and other financial records.

She said Jedvam, located in Araneta Avenue, Quezon City, was engaged in manufacturing packaging containers, kraftliner boards and corrugated boards.

She said the BIR found out from the Bureau of Import Services that the company actually imported resin and other materials amounting to P5 billion in 2007 and 2008.

“On the basis of such information, the BIR assessed Jedvam a total deficiency tax amounting to P1.93 billion for the two-year period,” Henares said.

She said the amount included P1.51 billion in value added tax, P400 million in income tax and P2 million in withholding tax.