MANILA, Philippines — The Bureau of Internal Revenue (BIR) has proposed to suspend and temporarily close the Philippine Offshore Gaming Operators (Pogos) and business establishments that will fail to file income tax returns or underdeclare sales or revenues.
BIR Deputy Commissioner Arnel Guballa said during the hearing of the Senate Committee on Ways and Means on Thursday that the Section 115 of the National Internal Revenue Code of 1997 should be amended to include this provision.
“The BIR suggests that Section 115 (Power of the BIR Commissioner to Suspend the Business Operations of a Taxpayer) be amended to include failure to file any income tax return and substantial under…
Keep on reading: BIR proposes suspension of Pogos, firms that fail to file income tax returns