THE Bureau of Internal Revenue (BIR) has seized 'voluminous' falsified receipts, invoices, and other business documents issued to various individuals and companies by a business company.
A statement from the BIR said Commissioner Romeo Lumagui, together with the legal and revenue officers from the bureau's Quezon City office headed an operation against Brenterprise International Inc. which yielded hundreds of booklets of receipts, invoices, and other business documents in the name of the company's clients from all over the country, a number of which are among those identified Cannot Be Located (CBL) Taxpayers by the BIR.
Lumagui said the company prints fake receipts which it sells to clients who use them to justify deductions for expenses.
Lumagui said the company's clients use the receipts to evade paying the proper taxes.
He said CBL taxpayers who utilize the falsified receipts have outstanding tax liabilities amounting to approximately P45 billion.
'The public must be kept aware of the different tax evasion schemes so they can report it to the authorities,' Lumagui said in Filipino.
He also warned the public they could get into trouble if they buy fake receipts.