Consumer protection group seeks tax fraud probe against Duterte crony Dennis Uy
A group advocating good governance has asked the Bureau of Internal Revenue to investigate Davao-based businessman Dennis Uy and his companies for possible tax evasion.
The Alliance for Consumer and Protection of Environment Inc. cited news reports that came out early this month that alleged that Phoenix Petroleum incurred a tax liability of P3 billion.
“ACAPE would like to request from your good office to conduct an investigation on this matter, particularly on the tax liability of the company and businessman himself, Dennis Uy,” the organization said in a letter to BIR commissioner Cesar R. Dulay.
“As BIR’s mandate to collect taxes, Acape believes that the bureau has the responsibility to look into uncollected tax deficiencies of every taxpayer, particularly high-profile businessmen,” it said.
The organization also asked the Bureau of Customs to reinvestigate the alleged anomalous smuggling activities of Phoenix Petroleum dating back to 2011. The case was dismissed by the Court of Appeals in 2014.
BOC filed smuggling charges against Phoenix BOC before the Justice Department for alleged violations of the Tariff and Customs Code, non-payment of excise and value-added taxes and non-submission of importation documents such as invoices and bills.
Apart from oil distribution, Uy also has interests in shipping and logistics, real estate, casino resorts, and the restaurant business.
Uy’s camp, however, denied ACAPE’s allegations, reiterating that all their transactions are aboveboard.