Tuesday 11 December 2018
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inquirer - 5 month ago

DOF eyes charges vs employees, garments firms involved in P11-B tax scam

Update The Department of Finance wanted to recover P11.24-billion worth of tax credit certificates (TCCs) issued to unqualified---and some even non-existent---garments and textile manufacturers from 2008 to 2014. Finance Secretary Carlos G. Dominguez III told a press conference on Friday that based on a Commission on Audit (COA) Special Audits Office (SAO) report issued on July 6, 3,288 questionable TCCs amounting were issued to 33 garments companies during the seven-year period, even as these

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