In a statement, the BIR said it filed criminal charges before the Department of Justice (DOJ) against Napoleon Segui Villapando "for willful attempt to evade or defeat" tax payments for the year 2007 -- a violation of Section 255 of the National Internal Revenue Code.
A resident of 301 San Juanico St in Ayala Alabang, Muntinlupa, Villapando bought from his employer, Norsophil Metal Resources Inc, a Lamborghini 2-door Coupe sports car worth P20 million in 2007. [See Lamborghini commemorates 50th year anniversary] This even though he declared a gross income of only P225,078.60 for that year, according to BIR records.
The bureau's investigators found that Villapando failed to file any income tax return for the years 1992-2002 and 2005, declaring a combined income of P718,575.78 in 2003-2004, 2006 and 2007.
The BIR said his income for those years were withheld and remitted by his employer, indicating that Villapando earned only compensation income and thus had no capacity to acquire the luxury sports car.
"Thus, his acquisition must have been made possible by income he earned from other sources aside from his compensation as an employee," the agency said.
Based on its computation, the BIR said Villapando failed to report P19.77 million in income, thus representing an under-declaration of 8,786 percent of income.
Under Section 248 of the Tax Code, under-declaration of taxable income by more than 30 percent constitutes a prima facie case of fraud tantamount to tax evasion.
According to the BIR, Villapando owed the government P15.84 million in taxes, inclusive of surcharges and interests.
This is the bureau's 165th case under the Run After Tax Evaders (RATE) Program filed under the leadership of Commissioner Kim Jacinto-Henares.
source: interaksyon.com
