Sports break:Phoenix Petroleum denies charges of smuggling, non-payment of taxes

Phoenix Petroleum denies charges of smuggling, non-payment of taxes

Phoenix Petroleum expressed surprise with the news reports that the Bureau of Customs has allegedly filed charges against the company.

While the company has yet to officially receive a copy of the alleged complaint, it deems it necessary to issue this statement.

The company strongly denies any allegation of non-payment of excise taxes and/or non-submission of importation documents.

The company has been paying taxes religiously and its records will clearly belie these unfounded accusations against it. As a matter of fact, the company is among the top taxpayers in Davao City, where it is based.

The company believes that the BOC should exercise caution and fairness especially if the accusation is damaging to the taxpayer. In this case, there was no such process taken making the filing of the complaint highly unjust, arbitrary and oppressive. It unfairly damages all the hard and honest work that the company has exerted in building its name.

The company does not take this accusation lightly and is currently consulting legal counsel on all possible courses of actions.PR

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