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Jul 21, 2018 @ 15:38

DOF to file cases over P11-B new tax credit scam


This tax credit scam has stretched on until 2014.

The Department of Finance (DOF) has uncovered that a new batch of invalid tax credit certificates have been awarded from 2008 to 2014 even if companies don’t deserve it.

In a statement, Secretary Carlos Dominguez III said the agency will file court cases against public officials and private businessmen who have “unduly benefited” and received P11.18 billion to non-existent textile companies between 2008-2014.

“Expect this Department to pursue the appropriate ​charges against the public officers and private persons who manipulated and unjustly benefited from the tax credit process with the OSS,” Dominguez said on Friday.

The DOF also created a task force following the findings of the Commission on Audit on such anomalies.

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