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Bacolod City, PhilippinesFriday, February 24, 2012
BIR: Some Bacolod taxpayers
declared incorrect transactions

The Bureau of Internal Revenue, Revenue Region 12, Bacolod City said it has received notice from BIR-Manila that there are taxpayers from the region who did not report their correct transactions and may face civil and criminal cases if they fail to settle their deficiencies.

Perfecto Aranas, BIR regional director, said yesterday at the launching of the tax campaign at the Robinsons Place-Bacolod, that it is really difficult to hide transactions now with the BIR as everything is now computerized.

The BIR has recorded the top 20,000 corporations and top 5,000 individual taxpayers of the region and these are all required to submit their reports and transactions electronically, he said.

Counter-proposal eyed
for revenue code row

Bacolod Vice-Mayor Jude Thaddeus Sayson said yesterday that a counter-proposal is being prepared to the request of businessmen in Bacolod City involving the revision of the revenue code and a win-win situation is being sought for both parties.

Sayson told the DAILY STAR he cannot yet divulge the proposal as initial presentations being made to Mayor Evelio Leonardia. Once everything is set, they will hold another public hearing with the taxpayers and businessmen.

At the launching of the tax campaign of Bureau of Internal Revenue, Revenue Region 12-Bacolod at Robinsons Place, Sayson said he hopes they