The government loses around P500 billion annually to tax evasion, according to a top Bureau of Internal Revenue (BIR) official. READ:
The Bureau of Internal Revenue is encouraging Filipinos to file their annual income tax returns ahead of the April 17 deadline. — PHILIPPINE STAR/EDD GUMBAN
“Leakages aren’t part of that yet, like petroleum or vape products that aren’t registered, as well as fake receipts. I think it won’t go below P500 billion if you add everything up,” he added. “We will tailor efforts to improve digital services so businesses will leave the shadow economy and join the tax net. We will now focus on enforcement activities against tax evaders, put emphasis on tapping uncollected taxes through illegal activities,” Mr. Lumagui said.“The most important right now is the selling of fake receipts and we know who . We are investigating so we can file a case against those involved,” Mr. Lumagui said.
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