GACMIGlobal Advanced Construction Management Institute
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Records from the BIR's Information Systems Development and Operations Service (ISDOS) showed that Globe Asiatique Realty Holdings Corporation (GARHC) made income payments to GACMI worth P34.06-million in 2009 and P15.31-million in 2010.
However, GACMI only declared sales worth P13.40-million in 2009 and P10.63-million in 2010, underdeclaring its taxable sales by 154 percent or P20.66-million in 2009 and by 44 percent or P4.68-million in 2010.
The BIR said GACMI's tax liability is P20.50 million inclusive of surcharges and interests.