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The Bureau of Internal Revenue has signed agreements with the Sec urities and Exchange Commission to allow the taxman to go after corporate tax evaders.In a news release on Thursday, the BIR said it signed a memorandum of agreement and a data sharing agreement with the SEC on July 17.The two accords aim to facilitate streamlined information exchanges between the two agencies.
This sharing of information between the agencies will be used to investigate large-scale tax fraud activities perpetrated by companies, such as ghost receipts and corporate tax evasion,” said BIR Commissioner Romeo Lumagui Jr.The BIR, in particular, will have access to the SEC’s Swift Corporate and Other Records Exchange Protocol.The taxman said the SCORE Protocol will allow it to have access to an online portal where it can check for all the corporate documents of any SEC-registered taxpayer.
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