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BIR bars execs, employees from tax-credit dealings.
(From Philippine Daily Inquirer)
Byline: Michelle V. Remo
THE BUREAU of Internal Revenue has issued a memorandum prohibiting all BIR officials and employees from engaging in any transaction that deals with the sale or purchase of tax credit certificates.
The move came after a joint task force formed by the Department of Finance and the National Bureau of Investigation apprehended three individuals, including a BIR employee, for allegedly selling spurious TCCs.
In the recently issued Memorandum Circular No. 36-2003, Revenue Commissioner Guillermo Parayno said he has directed all BIR personnel to refrain from acting as brokers in the selling …
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