Thanks for the tip!
Bureau of Internal Revenue (BIR) chief Kim Henares must have been thanking her lucky stars. And above all, thanking popular website SPOT.PH for releasing its review on the top 10 list of flower shops.
Taking off from the top 10 list done by SPOT.PH, the BIR checked whether these establishments filed their income tax returns (ITRs) in 2012.
It turns out, only half of the list have declared their income taxes two years ago, with Specialty Florists and Fruits in Bloom singled out for having no Tax Identification Numbers (TINs).
Designer Blooms, which the tax bureau described as one of the bigger chains with more than 40 branches nationwide, was among those that did not pay taxes in 2012. It did not file an income tax return (ITR) for that year, the BIR said.
Other flower shops that did not file ITRs in 2012 were Blue Barn and Flowers by Sylvia.
Two other shops—Specialty Florists and Fruits in Bloom—were also delinquent in that they were not even registered taxpayers. The two shops did not even have tax identification numbers (TINs), the bureau said.
The BIR said the five other flower shops in the Spot.ph list did declare income tax due in 2012, but the amounts remitted were inadequate.
Teddy Manuel, which the BIR said was engaged not only in flower arrangement but wedding planning, declared an income tax due of only P1,463.
Spruce Floral Designs declared an income tax due of P6,993, Flower Farm P42,600; Tecson Flowers P92,570, and L. Carlos Florists, P117,539.
The BIR’s move to review the tax compliance of various business sectors is part of the government effort to boost revenue collection amid rising expenditure requirements.-- Interaksyon/Inquirer