Politics · Philippines Bureau
BIR finds no tax records for Carpio's Cale88 share transfer
The Bureau of Internal Revenue says it has no documentation of Manases Carpio, husband of Vice President Sara Duterte, paying taxes on a reported sale of his shares in Cale88 Food Corporation. The absence of tax records could potentially affect the legal validity of the transaction.
LSN Philippines ·
MANILA — The Bureau of Internal Revenue disclosed Thursday that it has found no tax payment records for Manases Carpio related to the transfer of his shareholdings in Cale88 Food Corporation, raising questions about the formal completion of the transaction.
The discovery by the tax agency comes as scrutiny continues over the ownership structure of the food corporation and any changes in its shareholding arrangement. Under Philippine tax law, such transfers typically require documentary compliance with the BIR.
Legal experts note that the absence of tax records could render a share transfer non-binding to third parties, though it may remain valid between the original buyer and seller. The matter underscores the importance of proper documentation in corporate transactions, particularly those involving high-profile individuals.
Carpio, who is married to Vice President Sara Duterte, has been at the center of inquiries regarding his business interests and their potential overlap with public duties. The question of whether the Cale88 shareholding was properly transferred remains unclear pending further investigation.