Solon: Tax racketeering results in revenue loss of P100B

A lawmaker is pushing for the passage of a bill making tax racketeering non-bailable as P100 billion in revenues are being evaded due to the padding of deductions and input tax credits through the systematic and fraudulent use of fake receipts and other records.

Source: https://businessmirror.com.ph/2023/03/20/solon-tax-racketeering-results-in-revenue-loss-of-p100b/