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LBC releases Official Statement about September 24 incident

LBC Express Inc. Official Statement about 32 branches in South Metro Manila closure on September 24, 2015.
LBC Express Inc. Official Statement about 32 branches in South Metro Manila closure on September 24, 2015.

LBC Express, Inc.

September 24, 2015

With regards to the 32 branches ordered closed by the BIR, please allow us to clarify:

This is an isolated incident, in the areas covered by LBC SMM (South Metro Manila). LBC SMM received a 5-Day VAT Compliance Notice from the BIR dated August 5, 2015. The VAT Compliance Notice was replied to on August 27, 2015 properly addressing and clarifying the matter, with attached documentary proof that LBC Express, Inc. had, in fact, duly and properly made all VAT payments.

Ever since said reply was filed, LBC SMM did NOT receive nay further notices or communication from the BIR on the matter.

Thus, the BIR’s September 24, 2015 precipitate closure orders affecting LBC SMM’s branches right before a long weekend came as a complete surprise, especially since the subject VAT payments were properly made and proven.

Rest, assured however, that the LBC Group is rectifying the situation and remains open to serve our customers through the rest of its nationwide network.

We assure our customers of business as usual. As always, we remain at your service.

 

[signed]

Miguel A. Camahort

President and COO

LBC Express, Inc.

 

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