The Bureau of Internal Revenue (BIR) today filed with the Department of Justice (DOJ) a criminal complaint against a Cebu City gold trader – JUNRIE DAITOL TENORIO – for five (5) counts of willful attempt to evade or defeat tax, fifteen (15) counts of willful failure to file Quarterly Income Tax Returns (ITRs), and five (5) counts of willful failure to file Annual ITRs for taxable years 2005, 2006, 2007, 2008 and 2009, in violation of Section 254 and Section 255 of the National Internal Revenue Code of 1997, as amended (NIRC).
TENORIO is a resident of 2170 Tambis St., Guadalupe, Cebu City (South). He is registered with Revenue District Office No. 82, South Cebu City, as a taxpayer earning purely compensation income.
Sometime in May 2011, the Bangko Sentral ng Pilipinas (BSP) sent to the BIR a list of individuals who had gold transactions with the BSP, together with the Letter of Authorization executed by TENORIO and Letters of Delivery and Sales (LDS) relative to the said gold transactions. The said documents disclosed that TENORIO sold gold to BSP amounting to P3.95 billion during the five (5) year period in question.
Despite receiving taxable income from his gold transactions with the BSP, however, TENORIO failed to file his Annual ITRs for taxable years 2005 to 2009. Not only did he fail to file the required tax returns, he also did not pay his income taxes due on the said taxable years.
TENORIO was assessed deficiency income tax for taxable years 2005 to 2009 in the estimated aggregate amount of P2.67 billion, inclusive of surcharges and interests.
The case against JUNRIE DAITOL TENORIO is the eighty-second (82nd) filed under the Run After Tax Evaders (RATE) Program of the BIR under the leadership of Commissioner Kim S. Jacinto-Henares.