Increased penalties for tax evasion

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Title Supreme Court: Increased penalties for tax evasion

Law: Bir Revenue Regulation No. 4-94

Decision Date: Jan 14, 1994

Republic Act No. 7642 significantly increases penalties for tax evasion, imposing fines and imprisonment on individuals and corporations for various offenses related to tax compliance, including willful evasion, false reporting, and unlawful business practices.

tax evasion

penalties

national internal

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