BIR shuts down local business for failing to pay P4M in taxes

Posted by watchmen
March 20, 2018
Posted in HEADLINE

By Dominique Gabriel G. Bañaga


The Bureau of Internal Revenue (BIR) Regional Office 12 shut down a Bacolod City business yesterday afternoon, after it was found the owners failed to pay P4 million in taxes.

BIR Director Eduardo Pagulayan led the closure of Blyzer Trading, which has warehouses in Barangay 9, Libertad, and Barangay Sum-ag in Bacolod City.

The BIR official also faced the owner’s son, identified as Charles Pinto, a Filipino-Chinese businessman.

The business was established in 2003, with a majority of their stock sent to Bacolod City via courier service from Metro Manila.

Among the goods sold by the establishment included toys, clothes, household and beauty products, and television antennas.

The BIR stated Blyzer Trading made several violations on misdeclaration of income and failing to issue sales invoices to customers.

Officials also chained down the establishment, adding, they will only be reopened once the owners fully paid their tax payments./DGB, WDJ

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