My simple Google search disclosed that a Court of Tax Appeals (CTA) case presents intriguing insights on the “OR for sale” case that the NBI and BIR recently unearthed after they raided the perpetrators’ offices in Eastwood case. Know more:
MY simple Google search disclosed that a Court of Tax Appeals case presents intriguing insights on the “official receipts for sale” case that the National Bureau of Investigation and Bureau of Internal Revenue recently unearthed after they raided the perpetrators’ offices in Eastwood City . I did not even use the artificial intelligence engine ChatGPT for this purpose.
The BIR findings against Tyco were that its purchases “appeared to be excessive, implausible and fictitious as the suppliers were found to be fictitious.” Thus, the BIR disallowed the purchases it claimed as business deductions and input VAT credits from three specified suppliers, which the BIR alleged as “fictitious.” After perusing this, alarm bells immediately rang reminding me of its close similarity to the Eastwood case.
“Petitioner’s [Tyco’s] second witness, xxxxxxxx, claimed that he is a businessman and Director of various businesses including World Balance Inc., Ultrasonic Broadcasting Corp., certain restaurants in Makati, and an animation studio in Timog Avenue, Quezon City. He testified that in 2006, he worked as a freelance middleman or one who scouts persons in need of certain products and looks for suppliers for that product. He earned a commission from the suppliers for every successful transaction.
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