The Bureau of Internal Revenue (BIR) on Thursday filed before the Department of Justice (DOJ) a complaint for tax evasion against Rappler Holdings Corporation (RHC) and its officers. Based on the complaint, RHC purchased common shares from Rappler Inc. worth P19, 245,975.00. BIR explained that RHC is subject to income tax and VAT, being a dealer in securities. However, the annual ITR and VAT returns for 2015, according to the BIR does not reflect any IT and VAT from the PDR transaction. Ressa meanwhile called the complaint “ludicrous,” as she urged the BIR to “check its own records.”“This is clear intimidation and harassment.

Source: Philippine Daily Inquirer March 08, 2018 04:33 UTC