Breaking: BIR Slaps P133.8 Million Tax Evasion Case Against Rappler & Maria Ressa

The controversial news media outlet in the Philippines, Rappler made headlines anew after the Bureau of Internal Revenue (BIR) filed a tax evasion case against Rappler Holdings Corporation (RHC), the parent company of Rappler on Thursday, March 8, 2018.


BIR filed the criminal complaint against Rappler Holdings Corp., its President Maria Ressa and Treasure James Bitanga before the Department of Justice (DOJ).

Rappler Holdings Corporation (RHC) is the parent company of the controversial online news site Rappler Incorporated whose primary purpose is to buy and sell real and personal properties, according to the statement released by BIR.



In a statement released to the media, the BIR said there was "deliberate failure" by RHC to provide correct information in its income tax return and value added tax (VAT) in 2015.

The tax bureau under the administration of Pres. Duterte said that RHC bought shares amounting to P19.25 million from Rappler Incorporated and then issued and sold Philippine Depository Receipts (PDRs) worth P181 Million to two foreign entities.



BIR said no income tax and VAT were paid by RHC in 2015 for the income it gained in the PDR transactions. "As a consequence of its acts and omissions, the aggregate tax liability of RHC amounted to P133,841,305," BIR said.

When Rappler was sought for comments in the said issue raised by the BIR, Rappler's CEO Maria Ressa called the complaint "ludicrous." The company founded by Maria Ressa insisted it pays taxes accurately, promptly and diligently.

Rappler's CEO Maria Ressa was quoted as saying "This is clear intimidation and harassment. The government is wasting its energy and resources in an attempt to silence reporting that do not please the administration," Ressa said.

Source: PNA

Breaking: BIR Slaps P133.8 Million Tax Evasion Case Against Rappler & Maria Ressa Breaking: BIR Slaps P133.8 Million Tax Evasion Case Against Rappler & Maria Ressa Reviewed by Phil Newsome on March 08, 2018 Rating: 5
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