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What is Tax Evasion Case: LM Camus Engineering about?

This document summarizes a tax fraud investigation conducted by the Bureau of Internal Revenue against L. M. Camus Engineering Corporation for the tax years 1997-1999. The BIR found that LMCEC had substantially underdeclared its income in its tax returns for those years based on data from an informant and clients. As a result, the BIR assessed over P430 million in deficiency taxes against LMCEC. However, LMCEC claimed it could not be held liable as it had undergone routine tax examinations for those years a

Author

Estelle Rojas Tan

Language

EN