BIR Slaps Renato Reyes with ₱1.05M Tax Evasion Charges
The Bureau of Internal Revenue (BIR) on Friday filed a ₱1.05 million tax evasion case against Bagong Alyansang Makabayan (Bayan) Secretary General Renato Reyes Jr., for failing to pay his personal income taxes since 2009.
BIR legal counsel Atty. Brigido Loyola said Reyes’ failed to file income tax returns especially last year where he made more than ₱5.7 million from three major rallies, including the 2016 Asean Summit where he reportedly earned ₱2.5 million according to court records.
Reyes, a career activist, has denied many times earlier that he is not earning a dime from organizing protests and all of his works are in voluntary basis.
But Loyola said Reyes family expenses are more than his wife’s salary – who is physician working in a public hospital.
From 2009 to 2014, Reyes reportedly filed tax exemptions despite already making decent amount from different protests.
“We cannot exempt an individual who is earming at least ₱1.5 million a year,” Loyola said.
Tax evasion is a serious case under Philippine law and any offender can go to prison if he cannot settle his dues on time.
In case of Mr. Reyes, Loyola said it’s for the court to set deadline but the lawyer said he is confident the judge will give Mr. Reyes a month to settle.
BIR legal counsel Atty. Brigido Loyola said Reyes’ failed to file income tax returns especially last year where he made more than ₱5.7 million from three major rallies, including the 2016 Asean Summit where he reportedly earned ₱2.5 million according to court records.
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But Loyola said Reyes family expenses are more than his wife’s salary – who is physician working in a public hospital.
From 2009 to 2014, Reyes reportedly filed tax exemptions despite already making decent amount from different protests.
“We cannot exempt an individual who is earming at least ₱1.5 million a year,” Loyola said.
Tax evasion is a serious case under Philippine law and any offender can go to prison if he cannot settle his dues on time.
In case of Mr. Reyes, Loyola said it’s for the court to set deadline but the lawyer said he is confident the judge will give Mr. Reyes a month to settle.
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