Court of Tax Appeals denies ordering freeze on Pacquiao assets | Inquirer Sports

Court of Tax Appeals denies ordering freeze on Pacquiao assets

/ 06:24 PM November 26, 2013

Manny Pacquiao AP FILE PHOTO

MANILA, Philippines—The Court of Tax Appeals denied reports that it has issued a freeze order over the P2.2-billion assets of boxing champion Manny Pacquiao.

“There is no freeze order,” CTA first division Clerk of Court Margaret Guzman said.

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The CTA first division is handling Pacquiao’s tax evasion case. It is also handling the motion filed by the boxing champion to suspend the warrant of distraint and/or levy issued by the Bureau of Internal Revenue (BIR)

Under the Tax Code, a warrant of distraint and/or levy (WDL) is issued to enforce collection of the assessment of tax liability of a taxpayer.

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Lawyer Claro Ortiz, chief of the BIR enforcement and advocacy service, said the WDL was issued last July but Pacquiao’s camp filed a motion to suspend before the CTA.

Ortiz, in a text message, said they started enforcing the WDL but with an existing agreement with the Pacquiao camp, they have not pushed through with its enforcement.

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