Tax noncompliance remains high
13:25 Wed Sep 13, 2017
Taken from/By: FBC News
Report by: Rachael Nath
Tax noncompliance remains as an area of concern with the Fiji Revenue and Customs Service.
Chief Executive, Visvanath Das says they need to work hard in eradicating the problem, which has plagued the tax department for years.“Given the Government initiatives, the opportunity for amnesty, the opportunity to make voluntary declarations. People need to take these seriously and come on board.”
Das says while the Revenue and Customs is giving opportunities for Fijians to comply with the tax laws, tougher fines and imprisonment laws have been introduced to encourage compliance.
Currently, the Revenue and Customs is investigating three major supermarkets for tax evasion.
Das told FBC News that noncompliance by any one of the three supermarkets could amount an average of fifty million dollars each.
The tax man is also auditing hardware and construction companies.
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