Filipino Professional Boxer and the Congressman of Sarangani Province Manny “Pacman” Pacquiao is now facing a controversial issue with BIR after scoring unanimous victory over Brandon Rios in Macau when the court Tax Appeals (CTA) in the Philippines ordered his bank deposits frozen over a Php2.2 billion tax case.
According to an interview with ANC Headstart, Kim Henares the chief of BIR said the bureu has already a lien on Forbes Park property.
On the property the BIR has a legal claim on Pacquiao’s property until his tax deficiency has been paid.
Asked whether Pacquiao can rent out or sell the Forbes Park property, Henares said, “Renting it out is no problem. Selling it, he can. The only problem is whoever buys it, buys it with that lien on the property. (The buyer) should be aware there is a lien on that property. But (Pacquiao) can still sell it if he wants.”
Last 2011 Pacquiao bought the mansion in Forbes Park, Makati City with the total cost of 388 million and this issue became viral for the reason that all of his bank accounts were also hold by the BIR.
The Bureau of Internal Revenue BIR is running after Pacquiao for back taxes from 2008-2009, worth over P2.2 billion (including surcharges and interest).
Month of July the BIR issued a warrant of distraint and levy on Pacquiao’s bank accounts.
Henares said only two of Pacquiao’s banks accounts, which have a total of P1.1 million, were garnished.
Pacquiao has denied that only two banks were issued warrants of garnishments by the BIR.
“Hindi po dalawang bangko. Marami, marami. Pati yung HSBC, biro mo. BDO, Metrobank, Chinabank, apat na iyan. Paano magigiging dalawa lang? Sila ang tumawag mismo. Mga bangko ang tumawag mismo. Sinisingil tayo ng P2.2-billion above (–foul word(s) removed–)ets and liability,” he said.
This controversy is now alarming the Pacquiao’s family that BIR may get all of their properties.