BIR Files Tax Evasion versus dotPH
the Philippine Bureau of Internal Revenue (BIR) recently filed tax evasion cases against dotPH (http://www.dot.ph), the country’s internet domain name registry.
along with dotPH also charged were its corporate officers Ma. Milagros M. Casas (president 2009-2012), Estelita G. Arada (treasurer 2009-2011), and Jonalyn S. Quesada (treasurer 2012). they have been accused of four counts of willful attempt to evade or defeat payment of income tax for the years 2009 to 2012 and for deliberate failure to supply correct and accurate information in its Annual Income Tax Returns (ITRs) for taxable years 2009 to 2012.
it was revealed that Domain Merchandising Services Inc. (DMSI) or dotPH, deliberately under-declared their taxable income by P25.75M (or 268% in 2009); P40.74M (or 370% in 2010), P41.33M (or 421% in 2011); and P36.45M (or 362% in 2012).
dotPH is the official domain registry of the Philippines. they offer .ph, .com.ph, .net.ph and .org.ph domain registration and other web services. they have long been criticized for their “monopolistic” hold on the .ph country code-top level domain (ccTLD) since this function should be performed by the government and not by a private commercial firm.
read more [newsbytes.ph]