GENERAL SANTOS CITY (MindaNews/27 June) – Enforcement teams from the Bureau of Internal Revenue (BIR) closed down on Wednesday at least three branches or filling stations here and nearby Koronadal City of independent fuel firm Flying V due to tax violations.
Noel Gonzales, BIR-111 revenue district officer, said Thursday they shut down the operations of Flying V’s filling stations under its “Oplan Kandado” program for allegedly understating its sales, in violation of Section 115 of Republic Act (RA) 8424 or the Tax Reform Act of 1997.
He said the affected branches are located along General Santos Drive and Arellano Street in Koronadal City and in Barangay Labangal here.
Four other Flying V branches located in Paranaque, Quezon City and Bicutan, Taguig City were simultaneously closed down for the same violation.
Gonzales said the firm’s violations stemmed from a surveillance conducted by the agency in 1997 on the firm’s filling stations.
He said their personnel mainly uncovered discrepancies with the readings gathered from fuel dispensers and with the issued official receipts.
“Some transactions were not issued with official receipts and this resulted to the under-declaration of their sales,” he said in an interview over Brigada News FM here.
Under Section 115 of RA 8424, Gonzales explained that a business establishment may be closed down by BIR over its “failure to issue receipts or invoices; failure to file a value-added tax return; or understatement of taxable sales or receipts by 30 percent or more of the correct taxable sales.
