DOF truth checks Ferolino: Failure to file ITRs a criminal offense

The Division of Finance is working overtime to remind taxpayers to file their income tax returns (ITRs) often after the Fee on Elections acknowledged failure to take motion isn’t towards the legislation.

Finance Secretary Carlos Dominguez III has ordered his staff to put collectively a public briefer on tax authorized tips to counter the impression amongst netizens that they don’t should file and pay their taxes because of Bongbong Marcos was allowed to run even when he refused to file ITRs for 4 years.

“In line with the 1997 Nationwide Inside Income Code (Tax Code), not submitting your required tax returns is a CRIME!,” the DOF acknowledged in a Fb put up.

Violators are fined P10,000 or further along with 1 to 10 years in jail.

The non-filing of tax returns is punished by regulation since 1939, the DOF acknowledged, reverse to Comelec Commissioner Aimee Ferolino’s controversial declare that Marcos didn’t commit an immoral act with no regulation punishing his non-filing of ITRs.

“INCOME TAX FILING SEASON IS UPON US! Allow us to do our share in contributing to our nation’s restoration and development by declaring and paying the right taxes. File early to keep away from lengthy queues,” the corporate added.