5 months Gold bar trader gets up to 2 years jail term, ordered to pay BIR P449-M tax MB
By Jun Ramirez The Court of Tax Appeals (CTA) en banc has upheld its decision meting out up to two years imprisonment on a Bulacan gold bar trader and ordering her to pay P449 million in deficiency income tax for tax evasion. In a brief resolution, the full CTA said the urgent motion for reconsideration filed by Felonila Caluag was just a “reiteration of matters which have already been considered, weighed and resolved in the assailed decision.” Court of Tax Appeals (MANILA BULLETIN) The court had ordered Caluag to pay the Bureau of Internal Revenue (BIR) some P449 million in ... more