So, it's P700M unpaid VAT from 2008 and undeclared US earnings in 2009.
Unpaid VAT not covered by tax treaty. Uh-oh.
Anyone know who his lawyer and tax accountant...
Jojo M. replied:
Exactly. That was for his earnings in 2007. For his earnings in 2008, he only paid P7.4 million. http://www.abs-cbnnews.com/.../pacquiao-paid-lower-taxes... Pacquiao paid lower taxes as fortunes rose www.abs-cbnnews.com As boxer Manny Pacquiao's fortunes rose, he also seemed to be paying lower taxes.
Jojo M. replied:
Here: http://www.abs-cbnnews.com/.../bir-questions-drop... BIR questions drop in Pacquiao's tax payment in 2009 www.abs-cbnnews.com MANILA, Philippines - What happened to eight-division boxing champ Manny Pacquia...o's multimillion-dollar earnings in 2009? This is the question on the minds of Bureau of Internal Revenue (BIR) officials upon learning that champion boxer paid only P7.41 million in taxes for 2009 compared to P125 milli...See More
Michael C. replied:
Tsk how I wish the BIR would be the same to our politicians and Big Corps. Basis for BIR's assessment internet and news.
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