WINNIE MONSOD: CJ CORONA HAS ONLY ONE SOURCE OF INCOME - DISCREPANCIES BET. ITR, SALNs

'Coronas' income, assets don't match'
By Helen Flores (The Philippine Star) Updated January 26, 2012 12:00 AM

MANILA, Philippines - The declared income of Chief Justice Renato Corona and his wife Cristina did not match records of their asset acquisitions.

This was the gist of the testimony yesterday of Bureau of Internal Revenue (BIR) Commissioner Kim Henares before the Senate impeachment court.

After ordering the issue of ill-gotten wealth stricken off the impeachment complaint against Corona, the Senate impeachment court allowed Henares to take the witness stand.

Henares' testimony centered on the Corona couple's income records and the real estate purchases.

She revealed that Corona never filed income tax returns from 2002 to 2010. She stressed that Corona was not required to file ITRs based on Section 51 of the National Internal Revenue Code, which provides that individuals who have only one source of income do not have to file an ITR.

In lieu of the ITR, the employer -- in Corona's case the Supreme Court (SC) -- submits to the BIR a so-called alpha list containing the income and salaries received, tax withheld and remittance made to the BIR of all employees, including the justices of the court.

Senate President Juan Ponce Enrile said that the prosecution must submit the alpha list as evidence but private prosecutor Arthur Lim said this was not possible because it contains confidential information, specifically, the income of the other justices.

Upon questioning from Sen. Ralph Recto, Henares managed to disclose only the income of Corona from 2002 to 2010 based on his withholding tax in the alpha list.

Henares noted that from 2002 to 2005, there was no record of an alpha list filed by the SC. She clarified that this does not mean that Corona did not pay his taxes for those years. It was only from 2006 to 2010 that alpha lists were filed by the SC.

According to Henares, Corona's gross compensations for those years were as follows: 2006 -- P465,000; 2007 -- P488,156.57; 2008 -- P604,388.46; 2009 -- P621,528.62; and 2010 -- P657,755.57.

In her testimony, Henares also said the wife of Corona was able to acquire an P11-million property in the exclusive La Vista subdivision in Quezon City in 2003 despite her having no reported source of income. Henares said Corona's wife Cristina registered with the bureau as a one-time taxpayer for the property transaction on Sept. 9, 2003.

"She was not registered as taxpayer. And therefore, for all legal purposes as far as BIR is concerned, she has not earned any income prior to Sept. 9, 2003," Henares said.


Henares said she issued and signed the certificate authorizing registration (CAR) for the La Vista property on Sept. 9, 2003.

The CAR is a certification issued by the BIR that the transfer and conveyance of the property was reported and the taxes due have been fully paid.

Henares said a CAR was also issued on Oct. 28, 2004 for the property acquired by Corona's wife in The Columns, Ayala Avenue, Makati City worth P3,588, 931. Cristina bought another condominium in Bonifacio Global City, Taguig City worth P9,159,940 on Nov. 16, 2008. The couple also acquired a unit at the Bellagio 1, Taguig worth P14.5 million on Dec. 17, 2009.

Corona and his wife likewise bought a property at One Burgundy Plaza on Katipunan Avenue worth P2,508,000 on Dec. 8, 2003.

Henares also disclosed that Corona's wife sold a lot at La Vista (1,200 square meters) to her daughter Ma. Carla Castillo worth P18 million on Oct. 22, 2010.

She also sold a lot in Pansol, Diliman, Quezon City to a certain Amelia Rivera worth P8 million on March 12, 2010.

On the other hand, except for her one-time tax registration in 2003, Corona's wife also did not file income tax returns, according to Henares.

Cristina, however, is included in the alpha list submitted by John Hay Management Corp., where she served as chair in 2007 and president from 2008 to 2010.
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[PAENGTUBE]

magandang hakbang yang impeachment para mahikayat lahat ng mayayaman na mag file ng tamang ITR atSALN...