The time & date in Clark, Philippines is

Boutique faces P227-M tax evasion raps

SOME P226.9 million worth of tax evasion cases were filed before the Department of Justice against owners of boutiques and a pet shop that issued fake receipts, the Bureau of Internal Revenue (BIR) said Thursday.
In a report, the BIR found Globe Mallow International Enterprises Corp. (GMIEC), which runs the Genevieve Gozum boutiques, to have been bloating its expenses, claiming false input value added tax (VAT), thus underdeclaring its income and VAT.
GMIEC was claiming to have bought P223.42 million from Fine & Fancy Fabrics Center, which the latter denied.
The value added tax system allows the agency to track purchases between buyers and their suppliers and the system flagged the discrepancy in the submissions of the two.
Fine & Fancy Fabrics Center denied having any business dealings with the boutique owner and asked it to rectify its claims with the BIR. The clothing company also supposedly failed to respond to the BIR when asked to explain the discrepancy.
GMIEC is being sued for a total tax deficiency amounting to P226.99 million, including surcharges and interest, for taxable years 2006, 2007, and 2010, broken down as P166.30 million in income tax and P60.69 million in VAT.
Set to face charges are Genoveva Gozum and Gene Gozum for allegedly violating sections 254 and 255 of the National Internal Revenue Code or for evading taxes and failing to supply the BIR with correct and accurate information.
The penalty for violating section 254 of the tax code is a fine of P30,000 to P100,000 and imprisonment of two to four years, while the violation of section 255 carries a fine of at least P10,000 and imprisonment of one to 10 years.
Based in Cubao, Quezon City, GMIEC is in the business of producing, fabricating, buying, selling, distributing, and marketing all kinds of goods, commodities, wares and merchandise.
It has different branches in various malls in Metro Manila and a store in North Reclamation Area, Cebu City.
Meanwhile, the BIR wants Joycee Ann Jona Gapasin de Josep, owner of Bloomers Petshop and Clinic, charged for printing official receipts and/or commercial invoices without authority from the BIR. Gapasin is also accused of failing to issue duly-registered receipts.
In a visit last November 18, the BIR officer who posed as customer discovered that the pet shop based in Harrison Plaza, Manila, has been issuing supposed official receipts that have the same serial numbers.
The BIR also discovered that booklet of receipts was not registered with the BIR and its printing was not authorized by the agency.
Printing of unauthorized receipts carries a maximum fine of P30,000 and jail term of two to four years under section 264 of the tax code. (Virgil Lopez/Sunnex)

http://www.sunstar.com.ph/manila/local-news/2012/02/02/boutique-faces-p227-m-tax-evasion-raps-203973

TRAILER 3

Residents of Manila and Angeles City Pampanga are looking for a safe and convenient place to celebrate special occasions or take a shot vacation in the Philippines. Many travel north to Clark to swim at Clearwater Beach Resort which also has lake and picnic grounds to unwind and relax, a very good way to spend quality time with the family and children. Fine dining Yats Restaurant offers sumptuous cozy Christmas dinner, for wine lovers, Clark Wine Center provides exciting shopping options.

Clark Philippines also known as Clark Freeport Zone is now the preferred destination for foreign and local investments because it offers many attractive advantages including tax, safety and its own international airport

Where to go in Clark? Hotel Clark Philippines is a De Luxe Hotel in Clark and Subic, a risk free place to stay, cozy and nice ambience, a nice function place for special occasion

You might want to check also the Yats Restaurant is the best restaurant for special dinner, best restaurant for dinner with friends near Manila, also the best place to celebrate special events.

Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occasions. Yats Restaurant is one of the good restaurants in Pampanga, a restaurant with good food, a place that is nice for celebration, ideal for business dinner meeting, a good place to enjoy family reunion, and an attractive restaurant that serves good wines for dinner.

Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila.

The advantages for making the move from a country like UK, USA, Japan, Korea, Hong Kong, Singapore and Australia for example, to a country like Philippines are enormous. Heavily in your favor are factors like asset values differentials and substantial reduction in cost of living. Selling off your home probably gives you enough capital to not only live comfortably in a bigger property in Philippines but also to re-establish yourself in the business community by starting a business here too.

Looking for a party venue in town?
Clearwater Resort and Country Club is one of the ideal venues for birthday party because it is a risk free venue. Not only Birthday Parties but also a good place to enjoy family reunion. A good place to celebrate special occasions. Clearwater Resort and Country Club is one of the resorts in Subic Clark Angeles City Pampanga or near Manila with activity amenities, place that are nice for celebration.

This web site contains articles and information that will be helpful to visitors, residents and tourists traveling out of town from Manila on a short getaway to Subic, Angeles City, Pampanga and Clark Philippines. There are several web sites that contain information that might also be pertinent to what is happening in North Luzon, Subic, Tarlac, Pampanga, Clark Freeport Philippines.

Looking for interesting hotels near Manila Subic Clark Angeles City Pampanga?
Trouble free hotels and well recognized hotels in Subic Clark Angeles City Pampanga
Clearwater Resort and Country Club offers a good place to stay in Subic Clark Angeles City Pampanga. In offers nice place to have rest in Subic Pampanga outside Manila.
One of the Philippines top hotels in north Luzon.

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

For assistance with lodgings, accommodations, hotels and resorts near Manila in Subic, Pampanga, Angels City and Clark Philippines log on to http://www.HotelClarkPhilippines.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.

http://www.ClarkWineCenter.com

---

If this article about Clark is useful to you, please click here to contact us to tell us what more you wish to know about this article or Clark Philippines, which can be something about Clark investment, about Clark resorts, about Clark Swimming and Leisure or simply general news about Clark.

---

Please send questions to Editor@ClarkPhilippines.com. Leave your name, email address, contact numbers and we will get back to you as soon as possible. Information received will not be disclosed.

---