MANILA, Philippines — Hongsheng <a href="https://comicvibe.com/green-man-gaming-brings-7-hit-pc-games-together-in-its-wb-games-collection/” title=”Green Man Gaming brings 7 hit PC games together in its WB Games collection”>Gaming Technology Inc., which operated offshore gaming activities in the Philippines, is facing a P2.228-billion tax evasion case, according to a statement issued by the Bureau of Internal Revenue (BIR) on Thursday.
The BIR, which filed the complaint at the Department of Justice on Aug. 6, accused Hongsheng of underdeclaring its income, failing to declare the correct value-added tax (VAT), and failing to withhold and remit final withholding taxes for its foreign employees — covering taxable years 2021 to 2023.
Examining records gathered from various government agencies, the BIR found significant discrepancies between Hongsheng’s declared revenues and information reflected in official records, resulting in deficiency income tax, VAT, and final withholding tax liabilities totaling ₱2,227,759,311.21.
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BIR Commissioner Charlito Martin R. Mendoza stressed that the bureau would continue to protect compliant taxpayers from deliberate tax evasion.
“Honest taxpayers deserve a level playing field. No business should be able to operate in the Philippines, earn income here, and evade the taxes required by law. The BIR will pursue these cases wherever the evidence leads us,” Mendoza said.
The Hongsheng case is part of the BIR’s continuing Run After Tax Evaders (RATE) Program. /atm
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