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BIR TO ‘HAUNT’ TAX EVADERS WITH GHOST RECEIPTS

Ghost receipts will come back to haunt businesses that use them to evade taxes. This was the warning issued by Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr., following the filing of criminal charges against cosmetics firm Ever Bilena for its alleged use of fake or “ghost” receipts to reduce its tax liabilities. “Ito […]