3rd Malampaya contractor charged with tax evasion

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Friday, January 31, 2014

TAX authorities wanted to recover nearly P94 million from a contractor of infrastructure projects financed by proceeds from the operation of Malampaya natural gas plant off Palawan, a complaint filed with the Department of Justice (DOJ) on Thursday showed.

Ulysses Consebido, owner of Seven Digit Construction and Supplies, is the third businessman facing tax evasion charges from the Bureau of Internal Revenue (BIR) in relation to the use of the Malampaya fund.

Lorenzo Leoncio of LB Leoncio Trading and Construction (LBLTC) and Bella Tiotangco of BCT Trading and Construction were assessed late last year with a tax deficiency worth P78.65 million and P277.2 million, respectively.

All of them are based in Palawan.

Consebido implemented infrastructure projects for the Palawan Provincial Government from 2008 to 2009, declaring a gross income of P2.71 million and P11.35 million, respectively, for those years.

Documents gathered by investigators, including checks, disbursement vouchers and official receipts issued by Seven Digit, however, showed that he received income payments from the Provincial Government amounting to P54.86 million in 2008 and P9.19 million in 2009.

He also received P19.32 million in 2008 and P390,000 in 2009 as payments from the Department of Public Works and Highways (DPWH) – Palawan II District Engineering Office and P3.5 million from the Office of the Provincial Treasurer.

This led to BIR's assumption that Consebido actually earned P74.12 million for 2008 and P13.07 million for 2009.

Compared to his gross revenues declaration in his income tax returns (ITRs), the BIR said he substantially underdeclared his income by P71.41 million or by 2,631 percent in 2008 and by P1.73 million or by 15 percent in 2009.

Consebido's tax liability, which includes surcharge and interest, was broken down as follows: 2008 - P84.66 million and 2009- P8.91 million. (Sunnex)

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