It is extremely important that the thief or even thieves are caught and convicted the soonest time possible. Know more:
IT is extremely important that the thief or even thieves are caught and convicted the soonest time possible. The crimes that these persons have committed are of the highest level, resulting in billions of pesos of government funds stolen, loss of trust in the effectiveness of the regulatory and enforcement systems of the authorities, and abuses committed by presumably a syndicate of criminals.
Recent social media and newspaper accounts disclose the discovery by government authorities of this nefarious sale of fake official receipts by scheming entities. In December 2022, National Bureau of Investigation and Bureau of Internal Revenue agents raided an establishment in Eastwood City and confiscated several items used in the crime, including computers containing data on the operations, printed fake official receipts, invoices, and other documents.
The investigation should not only be focused on the crime at hand. An all-encompassing approach should be conducted to ferret out similar practices that anecdotally are occurring in various parts of the country. In fact, my Internet search shows that as early as 2007 a taxpayer has been engaging in this practice of padding expenses and VAT credits to evade tax obligations. The BIR filed a tax evasion case against this taxpayer, Gammon Metal Products Inc. in 2011.
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