Metro Manila (CNN Philippines, July 5) – The Bureau of Internal Revenue announced on Monday its nearly ₱1-billion tax collection from commercial establishments found violating various provisions of the Tax Code during the first five months of 2021.
So far, the agency said it collected ₱995.04 million in taxes after most of these firms settled their tax assessment deficiencies. Those establishments which solved their tax problems were allowed by the BIR to resume operations.
The BIR earlier ordered the closure of around 207 commercial establishments which violated some provisions of the Tax Code from January-May 2021.
During the month of May this year, the BIR closed down 36 establishments and collected ₱37.3 million in taxes from these businesses after they resolved their tax issues.
BIR Deputy Commissioner Arnel Guballa also said that in May alone, the bureau filed 26 complaints before the Justice Department for ₱702.73 million in estimated tax liabilities of commercial firms.
Guballa added the BIR also filed eight cases before the Court of Appeals involving ₱1.04-billion in estimated tax deficiencies in May this year.
In 2020, the BIR shut down 209 establishments for Tax Code violations which resulted in a total tax collection of ₱607.87-million.
