CTA sends to jail city bus operator for filing false tax returns
The Court of Tax Appeals (CTA) has sent to jail for up to eight years a Metro Manila bus operator for filing false income tax returns (ITR) in 2008 and 2009.
In affirming the resolution of one of its divisions, the court en banc also ordered Samuel Santos, president of
Kingsam Express of Valenzuela City, to pay the Bureau of Internal Revenue (BIR) more than 118 million in deficiency income tax.
Court records showed the corporation did not properly report the acquisition of 25 passenger buses in its ITR and financial statements.
“His (Santos) unjustified ignorance of his responsibility
to ensure the accuracy of the information provided in the subject ITRs and financial statements render his actions willful and intentional,” said Associate Justice Erlinda Uy who wrote the 39-page decision.
The court set aside the argument of the businessman that he had no full knowledge on the preparation and submission of the tax papers as they were done by his accountant.
He said some of the bus units were acquired by his wife using her own money.
He also claimed that the bus units were delivered late and were not in operation for a time.