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THE Bureau of Internal Revenue (BIR) headed by Commissioner Romeo D. Lumagui Jr. has closed down 103 stores of a Chain of Shopping Centers due to its underreporting of sales.<\/p>\n
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Upon investigation, the Chain of Shopping Centers was found to be using unregistered Point of Sales (POS) machine, some of which with sales suppression devices while others were using a software different from that approved by the BIR.<\/p>\n
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\u201cThis nationwide closure of a chain of shopping centers is a reminder to all businessmen to register its POS machines and NOT to tamper with the machines,\u201d Lumagui said.<\/p>\n
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\u201cThis is a scheme for sales suppression. I have ordered the BIR to investigate all businesses that engage in this kind of tax fraud because it involves under-declaration of sales. We will not hesitate to close down all your stores in the country,\u201d the BIR commissioner warned.<\/p>\n
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In a test-buy operation, the BIR<\/a> chanced upon machines that were only reporting about 25% of its sales, thereby drastically reducing its taxable sales.<\/p>\n <\/p>\n <\/p>\n