Kapa exec sued for P168M tax evasion case
The Bureau of Internal Revenue on Thursday filed a P168-million tax evasion case against the wife of the founder of controversial religious group Kapa Community Ministry International before the Department of Justice.
In a complaint, charged was Reyna L. Apolinario, Kapa’s corporate secretary and wife of pastor Joel Apolinario.
The BIR claimed that Apolinario allegedly failed to pay the correct income tax of P163.9 million in 2017 and P4.3 million in 2018.
Also, the bureau disclosed that Apolinario did not file income tax returns (ITR) for the years 2012 to 2015, but submitted ITRs in 2017 and 2018, paying P172,100 and P12 million, respectively.
Furthermore, the BIR bared that Apolinario’s 2018 financial statement showed an undeclared sources of income amounting to P307 million in 2017 that included cash, luxury cars, heavy equipment machineries, and real properties.
Also, it was discovered that she owns nine vehicles all registered in her name, but were not declared in her financial statements.
Records also showed that she owns 13 business enterprises including a hotel, gasoline stations, convenience stores, computer shops, quarry, convention center, restaurant, fishing boat, media and marketing network.
Previously, the National Bureau of Investigation recommended to the DOJ that the Kapa officers be charged in court for “5 counts of violations of Sections 8 and 26 in relation to 73 of the Securities and Regulations Code (SRC), and 8 counts of Syndicated Estafa as defined and penalized in P.D. (Presidential Decree) 1689.”
“The modus/scheme of KAPA is basically solicitation of money/investment from the public in the guise of ‘donation’ with a promise of perpetual monthly interest equivalent to 30% return/interest in the guise of ‘blessings’,” the NBI complaint read.
Also, Kapa executives have been accused by the Securities and Exchange Commission of violating Section 26 of Securities Regulation Code prohibiting the so-called Ponzi scheme, an investment program that offers high returns and pays investors using the money contributed by other investors.
According to SEC, the respondents enticed the public to donate at least P10,000 in exchange for a 30 percent monthly “blessing” or “love gift”.
The commission added Kapa “amassed wealth through an investment scam in the guise of religion and at the expense of the investing public.”