Preliminary Assessment Notice

REPUBLIC OF THE PHILIPPINES
DEPARTMENT OF FINANCE
BUREAU OF INTERNAL REVENUE
REVENUE REGION NO. 008 - MAKATI
RDO No. 049 - NORTH MAKATI
PRELIMINARY ASSESSMENT NOTICE
December 5, 2017
PRESIDENT
PACIFICA-BANDINI CORP
5012 P BURGOS ST POBLACION MAKATI
CITY, CITY OF MAKATI 1210
TIN: 238-941-466-00000
Sir/Madam:
Please be informed that after investigation there has been found due from you deficiency Income
Tax, Documentary Stamp Tax, Value Added Tax, Expanded Withholding Taxes for taxable period from
January 01, 2016 to December 31, 2016 as shown hereunder:
I. DEFICIENCY INCOME TAX
Assessment No. P-LA013384-IT-049-2016-12-17-0000051602
Taxable Income / (Loss) (Per Return) P (3,765,939.00)

Add / (Less): Discrepancies / Adjustments
4,147,410.00
Taxable Income (Per Audit) P 381,471.00
Income tax due thereon P 114,441.30
Less: Allowable tax credits / payments
Payments P 200,370.00
Creditable tax withheld claimed 97,613.00
Total 297,983.00
Less: Unsupported creditable tax
withheld claimed 333,855.52 (35,872.52)
Deficiency Income Tax Due P 150,313.82
Add: Surcharge P 0.00
*20% Interest per annum from 04/16/2017
to 12/15/2017 20,014.39
Compromise Penalty 0.00 20,014.39
*TOTAL Income Tax Due P 170,328.21
II. DEFICIENCY DOCUMENTARY STAMP
Assessment No. P-LA013384-DS-049-2016-12-17-0000051603
Tax Due (Per Audit) P 25,000.00

Add / (Less) : Discrepancies / Adjustments
0.00
Tax Due (Per Audit) P 25,000.00
Less: Allowable tax credits /payments
Tax Paid Per Return P 0.00
Add/(Less): Tax Payment Adjustment 0.00 0.00
PRELIMINARY ASSESSMENT NOTICE Page 1 of 3
AUDM35/013384/2017
Deficiency Documentary Stamp Tax Due /
(Overpayment) 25,000.00
Add: Surcharge P 6,250.00
*20% Interest per annum from
01/06/2017 to 12/15/2017 4,698.63
Compromise Penalty 5,000.00 15,948.63
*TOTAL Documentary Stamp Tax Due 40,948.63
III. DEFICIENCY VALUE-ADDED TAX
Assessment No. P-LA013384-VT-049-2016-12-17-0000051604
Taxable Sales / Receipts(Per Return) P 55,122,908.16

Add / (Less) : Adjustments
163,391.23
Taxable Sales / Receipts (Per Audit) P 55,286,299.39
Output Tax 6,634,355.93
Less: Input Tax 5,111,118.07
VAT Due(Overpayment/Tax Credit Refund) 1,523,237.86
Less: VAT Withheld / Paid (Per Return) 1,503,630.92
Deficiency Value-Added Tax Due /
(Overpayment) P 19,606.94
to 12/15/2017 3,470.16
*TOTAL VAT Due 23,077.10
IV. DEFICIENCY EXPANDED WITHHOLDING TAX
Assessment No. P-LA013384-WE-049-2016-12-17-0000051605
Tax Withheld / Remitted (Per Audit) P 13,229.42

Add / (Less) : Discrepancies / Adjustments
0.00
Tax Required to be Withheld / Remitted (Per
Audit) P 13,229.42
Less: Tax Paid / Remitted Per Return(s) 0.00
Deficiency Expanded Withholding Tax Due /
(Overpayment) P 13,229.42
to 12/15/2017 2,413.92
*TOTAL Expanded Withholding Tax Due P 15,643.34
TOTAL AMOUNT DUE AND PAYABLE P 249,997.28
* Please note that the interest and the total amount due will have to be adjusted if paid beyond December
15, 2017.

AUDM35/013384/2017
The complete details of the factual and legal basis covering the aforementioned discrepancies
established during the investigation of this case and details of Administrative Penalties/Other Taxes, if
applicable, are shown in the accompanying ANNEX "A" of this letter.
The surcharge, if applicable, has been imposed pursuant to the provisions of section 248 of the
Tax Code of 1997, as amended.
The 20% interest per annum has been imposed pursuant to the provisions of Section 249(B) of the
Tax Code of 1997.
The compromise penalty, if applicable, has been imposed pursuant to RMO No. 7-2015.
Pursuant to the provisions of Section 228 of the National Internal Revenue Code of 1997 and its
implementing Revenue Regulations, you are hereby given fifteen (15) days from receipt hereof to pay the
aforesaid deficiency Income Tax, Documentary Stamp Tax, Value Added Tax, Expanded Withholding
Taxes. If we fail to hear from you within the said period, a formal letter of demand and assessment notice
shall be issued by this Office calling for payment of your aforesaid deficiency tax/es, inclusive of the
aforementioned civil penalty and interest.
We hope that you will give this matter your preferential attention.
Very truly yours,
CAESAR R. DULAY
COMMISSIONER OF INTERNAL REVENUE
BY:
GLEN A. GERALDINO
REGIONAL DIRECTOR

AUDM35/013384/2017

Preliminary Assessment Notice

Uploaded by

Copyright:

Available Formats

Preliminary Assessment Notice

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Preliminary Assessment Notice

Uploaded by

Copyright:

Available Formats

REPUBLIC OF THE PHILIPPINES

PRELIMINARY ASSESSMENT NOTICE

I. DEFICIENCY INCOME TAX

Assessment No. P-LA013384-IT-049-2016-12-17-0000051602

Taxable Income / (Loss) (Per Return) P (3,765,939.00)

II. DEFICIENCY DOCUMENTARY STAMP

Assessment No. P-LA013384-DS-049-2016-12-17-0000051603

Tax Due (Per Audit) P 25,000.00

III. DEFICIENCY VALUE-ADDED TAX

Assessment No. P-LA013384-VT-049-2016-12-17-0000051604

Taxable Sales / Receipts(Per Return) P 55,122,908.16

IV. DEFICIENCY EXPANDED WITHHOLDING TAX

Assessment No. P-LA013384-WE-049-2016-12-17-0000051605

Tax Withheld / Remitted (Per Audit) P 13,229.42

TOTAL AMOUNT DUE AND PAYABLE P 249,997.28

PRELIMINARY ASSESSMENT NOTICE Page 2 of 3

Very truly yours,

PRELIMINARY ASSESSMENT NOTICE Page 3 of 3

You might also like