BIR shuts down 3 establishments
BY LISA GATAC
The Bureau of Internal Revenue Region VI temporarily closed three establishments yesterday in Bacolod City under its Oplan Kandado program.
The Golden C-Cube Commercial at the Pahanocoy Highway in Brgy. Tangub, the Golden C-Cube hollow blocks factory at corner C.L. Montelibano Street and Narra Avenue , and the Buddy Variety Store at the downtown area, were the first three establishments that were temporarily closed.
They were closed pursuant to section 115 of the Revenue Memorandum Order No.3-2009, which states that the commissioner has the power to suspend the business operations and temporarily close the business establishments for any of the following violations: failure to issue receipts or invoices, failure to file a value-added tax return as required under section 114 and understatement of taxable sales or receipts for the taxable quarter.