NBI Raids Company Faking Documents to Lessen Tax Payments

Company Faking Documents to Lessen Tax Payments of Their Clients Raided by NBI

The personnel of the National Bureau of Investigations (NBI) raided a company that allegedly faking documents to lessen the tax payment of their clients.

The government has uncovered the business practices of a company in Eastwood, Quezon City. According to the NBI report, the corporation falsifies receipts in order to reduce the taxes paid by its clients, while the unlawful operations cost the government billions of pesos.

NBI Company Lessen Tax

Brenterprise International Inc.’s office in a residential condominium unit was attacked by the NBI Anti-Organized and Transnational Crime Division. When the authorities entered the aforementioned office, they discovered laptops and phony receipts, which were reportedly used to decrease the tax owed by their clients.

Posters promoting their objective, which is the falsification of BIR records, as well as their impersonation as personnel of corporators of suppliers for clients, may also be found near their doors. They receive 0.8% of the total sum received. According to Atty, it is utilized to lower customers’ tax payments. Rehom Pimentel is an NBI-Anti-Organized and Transnational Crime Division Agent III.

Based on the report, when the alleged phony receipt is made, their couriers are destined for every location in Metro Manila and the provinces, according to the report. Brenterprise International’s clients are believed to number more than 1,000 across the country.

The authorities’ investigation indicated that the corporation has been in operation for fifteen years, thus the government may have lost billions of pesos as a result of the operation, which the Bureau of Internal Revenue (BIR) will pursue. The computers and smartphones of the impacted personnel were seized in order to acquire all data related to their operations.

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