Dunkin Donuts slapped with P1B tax evasion
Golden Donuts Inc. (GDI), Philippine franchisee of international brand Dunkin’ Donuts, has been slapped by the Bureau of Internal Revenue (BIR) with a P1.1-billion tax evasion case for allegedly manipulating its financial statements to reduce is value-added tax (VAT).
The criminal complaint was particularly filed against Golden Donuts Inc. (GDI) and its officials namely Walter Spakowski, Miguel Prieto, Pedro Paraiso and Jocelyn Santos, president, treasurer, chief finance officer and vice president for finance, respectively.
It all started when BIR found out that GDI made substantial underdeclaration of its sales in 2007.
Based on the investigation, some of the sales invoices allegedly issued by various suppliers to GDI were intentionally altered, some of which did not even contain the Tax Identification Number (TIN) of the GDI.