Toxic company with undisclosed sales
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Is it true that if I report a company to BIR due to Undisclosed Sales? The company might forced to be closed?
I had experience with this BIG company, famous to their resorts in Boracay. During the tax mapping in their manila office. The boss were giving nightnares to their employees. BIR has discovered one of their resort were issuing Invoice eventhough their office is unregistered (one of the many resorts office in the building). They own different resorts BTW and all resorts have different offices.
It was stressfull to the employees. Its like being raid for their illegal works. They stress their employees to hide the invoices as some are way passed 2024 , all undisclosed sales. They are hiding everything in the offices and some were shredded. The Boss turn off the lights in the other offices to avoid being question by BIR.
Operating without a valid BIR Certificate of Registration because some of their resort have not been renewed since Pandemic. Unregistered/Unissued Receipts: Issuing "ORs" (Official Receipts) or Sales Invoices that are not registered, expired, or printed without a valid Authority to Print (ATP) from the BIR.
Mind you they were awful company. Famous for their micromanagement. Late salary. Suffocating rules.