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BIR lifts Pacquiao garnishment order

Posted On 2014 Apr 28
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Filipino boxing hero and congressman Manny Pacquiao, left, shakes the hands of Philippine President Benigno Aquino III during his courtesy call at the Malacanang Presidential Palace in Manila Philippines on Monday, April 21, 2014. Pacquiao recently defeated American Timothy Bradley during their WBO welterweight title bout in Las Vegas. (MNS photo)

Filipino boxing hero and congressman Manny Pacquiao, left, shakes the hands of Philippine President Benigno Aquino III during his courtesy call at the Malacanang Presidential Palace in Manila Philippines on Monday, April 21, 2014. Pacquiao recently defeated American Timothy Bradley during their WBO welterweight title bout in Las Vegas. (MNS photo)

MANILA (Mabuhay) – The Bureau of Internal Revenue on Thursday said the government’s interest would remain “protected” despite a court order lifting the garnishment order on the properties of boxing champion Manny Pacquiao in connection with his P3.289-billion back taxes.

BIR deputy commissioner Estela Sales said along with an order to lift the garnishment, the Court of Tax Appeals has likewise set conditions for the boxer’s camp.

“The amount of 3-point-something billion [pesos] or surety bond amounting to 4 point something billion. So they are given 10 days within which to comply with that condition. Otherwise, we can continue with the enforcement of the collection,” said Sales.

Sales added that despite the lifting of the garnishment order, the BIR was “happy” with the development “because the interest of the government is amply protected.”

“Even if we suspend collection, if they are able to comply with the condition, we are there to protect the interest of the government. Now with the bond, it is going to be amply protected,” she said.

Sales added Pacquiao was advised to comply with the court’s condition if he does not want the BIR to pursue garnishing his properties.

“If they fail to put up the bond, we will continue with our garnishment and all the modes by which we can enforce collection,” she said.

The case against Pacquiao before the CTA stemmed from a BIR assessment that alleged the Pacquiaos had incurred “deficiency income and value-added tax” from 2008 to 2009. The main tax case was filed on August 1 last year. (MNS)

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