TIMELINE: Tracing BIR's tax evasion complaint vs Maria Ressa, Rappler Holdings

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TIMELINE: Tracing BIR's tax evasion complaint vs Maria Ressa, Rappler Holdings
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The decision acquitting Rappler CEO and Nobel Laureate Maria Ressa and Rappler Holdings Corporation ends more than four years of trial of a case filed during the Duterte administration. Here’s a rundown of events surrounding the tax evasion complaint.

Rappler Holdings files Securities of Exchange Commission Form 10-1 – a notice of confirmation exempt transactions – for the 264,601 PDRs sold to North Base.Rappler Holdings files a subsequent SEC Form 10-1 for the 11,764,117 PDRs sold to North Base.November 5, 2015Rappler Holdings files SEC Form 10-1 for the 7,217,257 PDRs to Omidyar Network.

BIR Commissioner Caesar Dulay writes a referral letter to former Justice Secretary Vitaliano Aguirre II that “RHC, Ms. Ressa, and Mr. Bitanga are being charged for willful attempt to evade or defeat tax and deliberate failure to supply correct and accurate information for taxable year 2015.” Lim says Rappler Holdings cannot be considered a dealer in securities when it issued the PDRs to Omidyar Network and North Base Media. “Rappler was the issuer; it did not buy the PDRs.”

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