Senator-Judge Panfilo “Ping” M. Lacson on Friday questioned the reported sales and taxable income of two companies linked to Vice President Sara Duterte-Carpio, seeking a Bureau of Internal Revenue (BIR) review of their tax records to see if their tax liabilities were correctly computed.

Lacson asked the BIR to reconcile GenCorp Industries Inc.’s reported total sales of P520,670,653 in 2025 with its reported tax payments of P777,093 amid an authorized capital stock of P5 million, and net income after tax of P3,057,535.

In Filipino: Lacson, Kinuwestiyon ang ‘Discrepancies’ sa Sales at Taxable Income Figures ng GenCorp, Cale88

“Ang binayaran niya P777K pero ang total sales P520M. So di ko ma-reconcile sa nilaki-laki ng kanilang sales P520M, ang nabayaran lang is P777K. Gusto ko makita ang computation ng 2% of Gross Income after deducting the cost of goods sold from the total sales (GenCorp paid P777,000 in taxes for 2025 but its total sales amounted to P520 million. I cannot reconcile that with sales of this magnitude, it paid only P777,000 in taxes. I want to see the computation of 2% of Gross Income after deducting the cost of goods sold from the total sales),” he told BIR Office of the Commissioner chief of staff Atty. Anne Loraine Garcia-Marquez at Friday’s impeachment trial.

The minimum corporate income tax (MCIT) is generally equivalent to 2% of a corporation’s gross income and applies beginning the fourth taxable year following the year it commenced business operations, whenever the MCIT exceeds the regular corporate income tax.

During the exchange, Garcia-Marquez cited cost of sales of about P406 million and gross income of approximately P114 million, which would translate to an MCIT of about P2.28 million at the 2% rate. However, the applicability of MCIT to GenCorp for 2025 must also be established.

When Marquez said her copy of the records seemed “malabo” (vague), Lacson remarked: “Pero sobrang labo ng kwenta kaya ako nagtatanong eh (I found the computation vague too, that’s why I’m asking).”

Lacson also raised questions about Cale88 Foods Corp., which had authorized capital stock of P2 million but reported aggregate sales of P208 million from 2022 to 2025, while declaring cumulative negative taxable income of about P8 million over the four-year period.

He noted that in 2024, Cale88 had total sales of P150.7 million but declared negative P6.128 million in taxable net income.

“Kino-compare ko sa kanilang total sales, parang hindi rin magtugma. Ano ang implication as far as BIR? Mako-consider nyo bang red flag pag ganito (I am comparing the negative taxable income to their total sales, it does not seem to compute. What is the implication as far as the BIR? Do you consider this a red flag)?” he asked.

Marquez said they can check the figures during an audit to determine why Cale88 declared losses.

The Vice President listed GenCorp as a business interest in her SALNs, while Cale88 has been linked to her husband Atty Manases Carpio.

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Lacson, Kinuwestiyon ang ‘Discrepancies’ sa Sales at Taxable Income Figures ng GenCorp, Cale88

Kinuwestiyon ni Senator-Judge Panfilo “Ping” M. Lacson nitong Biyernes ang iniulat na benta at taxable income ng dalawang kumpanyang iniuugnay kay Vice President Sara Duterte-Carpio, at hiniling sa Bureau of Internal Revenue (BIR) na repasuhin ang kanilang mga tax record upang matukoy kung tama ang pagkakakuwenta sa kanilang mga obligasyong buwis.

Hiniling ni Lacson sa BIR na i-reconcile ang iniulat na total sales ng GenCorp Industries Inc. na P520,670,653 noong 2025 na may iniulat na buwis na binayaran nitong P777,093 samantalang may authorized capital stock ito na P5 milyon, at net income after tax na P3,057,535.

“Gusto ko makita ang computation ng 2% of Gross Income after deducting the cost of goods sold from the total sales,” aniya kay BIR Office of the Commissioner Chief of Staff Atty. Anne Loraine Garcia-Marquez sa impeachment trial nitong Biyernes.

Sa ilalim ng batas sa pagbubuwis, ang minimum corporate income tax (MCIT) ay karaniwang katumbas ng 2% ng gross income ng isang korporasyon. Nagsisimula itong ipataw sa ikaapat na taxable year matapos ang taon kung kailan nagsimula ang operasyon ng kumpanya, kapag mas mataas ang MCIT kaysa sa regular corporate income tax.

Binanggit ni Garcia-Marquez na nasa P406 milyon ang cost of sales ng GenCorp at humigit-kumulang P114 milyon ang gross income nito. Katumbas ito ng MCIT na nasa P2.28 milyon sa 2% rate. Gayunman, kailangan ding matukoy kung saklaw ng MCIT ang GenCorp para sa 2025.

Nang sinabi ni Garcia-Marquez na “sobrang labo” ang kopya niya ng records, tumugon si Lacson na: “Pero sobrang labo ng kwenta kaya ako nagtatanong eh.”

Kinuwestiyon din ni Lacson ang Cale88 Foods Corp., na may authorized capital stock na P2 milyon ngunit nag-ulat ng pinagsama-samang benta na P208 milyon mula 2022 hanggang 2025, habang nagtala naman ng pinagsama-samang negatibong taxable income na humigit-kumulang P8 milyon sa loob ng apat na taon.

Binanggit niya na noong 2024, umabot sa P150.7 milyon ang kabuuang benta ng Cale 88 ngunit nagdeklara ito ng negatibong taxable net income na P6.128 milyon.

“Kino-compare ko sa kanilang total sales, parang hindi rin magtugma. Ano ang implication as far as BIR? Mako-consider nyo bang red flag pag ganito?” tanong niya.

Sinabi ni Garcia-Marquez na maaaring suriin ng BIR ang mga numero sa pamamagitan ng audit upang matukoy kung bakit nagdeklara ng pagkalugi ang Cale 88.

Inilista ng Bise Presidente ang GenCorp bilang business interest sa kanyang mga Statement of Assets, Liabilities and Net Worth (SALN), habang iniuugnay naman ang Cale88 sa kanyang asawang si Atty. Manases Carpio.

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