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    The 48-HOUR Notice

    Uploaded by

    Keziah Gayle Zamora
    1) The document is a 48-hour notice from the Bureau of Internal Revenue to Teresita Ong Corporation regarding violations found during a recent surveillance of their business. 2) The surveillance revealed that the corporation failed to register point-of-sale machines, file their third quarter VAT return, and issue sales invoices chronologically as required. 3) An understatement of 38% in reported taxable sales was also found, resulting in a deficiency VAT of over P746,000 plus compromise penalties of P85,000 for a total due of over P831,000.

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    The 48-HOUR Notice

    Uploaded by

    Keziah Gayle Zamora
    238 views2 pages
    1) The document is a 48-hour notice from the Bureau of Internal Revenue to Teresita Ong Corporation regarding violations found during a recent surveillance of their business. 2) The surveillance revealed that the corporation failed to register point-of-sale machines, file their third quarter VAT return, and issue sales invoices chronologically as required. 3) An understatement of 38% in reported taxable sales was also found, resulting in a deficiency VAT of over P746,000 plus compromise penalties of P85,000 for a total due of over P831,000.

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    48-Hour Notice Surveilance Sample

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    1) The document is a 48-hour notice from the Bureau of Internal Revenue to Teresita Ong Corporation regarding violations found during a recent surveillance of their business. 2) The surveillance revealed that the corporation failed to register point-of-sale machines, file their third quarter VAT return, and issue sales invoices chronologically as required. 3) An understatement of 38% in reported taxable sales was also found, resulting in a deficiency VAT of over P746,000 plus compromise penalties of P85,000 for a total due of over P831,000.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    238 views2 pages

    The 48-HOUR Notice

    Uploaded by

    Keziah Gayle Zamora
    1) The document is a 48-hour notice from the Bureau of Internal Revenue to Teresita Ong Corporation regarding violations found during a recent surveillance of their business. 2) The surveillance revealed that the corporation failed to register point-of-sale machines, file their third quarter VAT return, and issue sales invoices chronologically as required. 3) An understatement of 38% in reported taxable sales was also found, resulting in a deficiency VAT of over P746,000 plus compromise penalties of P85,000 for a total due of over P831,000.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    Republic of the Philippines

    Department of Finance
    BUREAU OF INTERNAL REVENUE
    Revenue Region No. 15
    Zamboanga City

    December 3, 2018

    48-HOUR NOTICE

    THE BOARD OF DIRECTORS


    Teresita Ong Corporation
    005-076-142
    Rizal Avenue, Dipolog City

    Sir/Madame:

    This is to inform you that the Regional Review Board Of Revenue Region No. 15,
    Zamboanga City, has approved the Memorandum Report dated November 19, 2018 of
    Revenue Officers Ric T. Dagomo, Zeny B. Fernandez, Keziah Gayle E. Agura, Renan A.
    Hechanova and Edward P. Aparri, under Group Supervisor Michelle B. Muncada of Revenue
    District Office No. 091, relative to the surveillance that was conducted on the main business
    establishment of Teresita Ong Corporation with the following details:

    TRADE NAME ADDRESS MISSION ORDER PERIOD


    NUMBER CONDUCTED
    Dipolog Meryl and Rizal Avenue, MSO200100059314 November 7 to
    Ralph Shoes Dipolog City November 16, 2018

    As reported, the surveillance revealed the following:

    (1) You have failed to register your three (3) units of Point-of-Sales (POS) Machines used for
    internal control purposes as required under Revenue Regulations No. 11-2004 dated
    December 15, 2004. Thus, a compromise penalty is imposed in the total amount of
    P75,000.00 or P25,000.00 per unit, per said regulation.
    (2) Being a VAT-Registered taxpayer, you are required to file monthly and quarterly Value-
    Added Tax Returns pursuant to Section 114 of the Tax Code. Integrated Tax System (ITS)
    verifies that you have failed to file the 3rd quarter VAT return.
    (3) Sales invoices were not chronologically issued as mandated under Revenue Memorandum
    Order 3-2009, dated January 15, 2009. Thus, a compromise penalty of P10,000 is
    imposed thereof for the said violation.
    (4) Understatement of taxable sales or receipts equivalent to thirty percent (30%) or more of
    the correct taxable sales or receipts for the taxable quarter is a ground for closure of
    business under Revenue Memorandum Order No. 3-2009 and Section 115 of the NIRC.
    Based on the extrapolated data during the conduct of surveillance, it was ascertained that
    there had be an understatement of taxable sales by 38%, computed as follows:
    (5) As a consequence of the understatement of sales, there has been found due from you
    deficiency VAT in the amount of P746,341.99, as per computation shown below:

    SUMMARY OF DEFICIENCY TAXES AND PENALTIES:

    Deficiency VAT P 746,341.99


    Compromise Penalties 85,000.00
    TOTAL P 831,341.99

    In connection, you are hereby required

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