Mindanao Times » golden dragon ktv and restaurant http://mindanaotimes.net Fri, 21 Sep 2018 02:22:18 +0000 en-US hourly 1 https://wordpress.org/?v=3.9.25 BIR padlocks KTV bar http://mindanaotimes.net/bir-padlocks-ktv-bar/ http://mindanaotimes.net/bir-padlocks-ktv-bar/#comments Thu, 01 Feb 2018 15:07:38 +0000 http://mindanaotimes.net/?p=53843 ]]> The Bureau of Internal Revenue (BIR) yesterday padlocked Golden Dragon KTV and Restaurant for under declaration of sales.

BIR XI regional director Nuzar Balatero said the establishment failed to declare its full sales for first semester last year. He said their total sales in the period reached P15.6 million but they only declared P4.103 million in revenues.

“They have to pay P1.5 million worth of taxes to reopen the establishment,” Balatero said, as their value-added tax deficiency was P693,906.88.

The restaurant vowed to immediately pay its liabilities to the bureau.

Richie Sabrine, operations manager of Golden Dragon KTV and Restaurant, told the reporters that the payment for their tax dues was already prepared by their bookkeeper so they could reopen the establishment.

“Once we make the payment, we will reopen by 6 p.m. (of Friday),” Sabrine said.

Rodrigo Rivamonte, revenue district officer of BIR-East Davao, said the establishment also had violations on their point-of-sale machines. He said there should be a book beside the machines that would record their sales and an audit roll.

The establishment, Rivamonte said, chose to pay 110% of their basic tax so they could reopen it.

The Golden Dragon KTV and Restaurant started its operations in 2013. It has 15 VIP rooms with rates, inclusive of consumable food and drinks, ranging from P3,000 to P10,000 depending on the size of the rooms.

This was second establishment that was closed by BIR XI this year as part of the bureau’s Oplan Kandado program that temporarily padlocked businesses that failed to pay the right taxes. The first one that was closed this year was Café Demitasse, which was padlocked last Tuesday. (KMF)

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