Company faces $5k fine for failing to file tax returns
13 April, 2018, 12:00 am
A LOCAL company, charged with failing to file tax returns, has been slapped with a $5000 fine by the Suva Magistrates Court.
This after the company – Friendly Taxis and Tours Ltd — failed to file its returns for 2014.
Delivering sentence, Magistrate Joji Boseiwaqa said the company was well aware of its non-compliance with filing its tax returns as required by the law.
It was also made known that the company had received letters reminding it to comply or seek extension with the Fiji Revenue and Customs Service (FRCS), but had failed to do so.
“Taxpayers who do not file returns and legal proceedings that are issued to bring them to justice should not expect any mercy from this court,” Magistrate Boseiwaqa said.
“This sentence should be a deterrent to future offenders as the tax laws of this country are to be adhered to or they will face heavy fines.”
While welcoming the judgment, FRCS chief executive officer Visvanath Das said taxpayers who continued to beat the tax system would have to face the full brunt of the law.
Last week, a businessman was sentenced to 12 months imprisonment for failing to file income tax returns and value added tax (VAT) returns.
Meanwhile, Mr Das reiterated the importance of the public seeking assistance from FRCS if they were unsure of their tax obligations.
“We want to further enhance tax transparency and voluntary compliance thus creating a level playing field for all taxpayers,” he said.
“We are here to serve the public and FRCS is encouraging taxpayers who are unsure of their tax status or obligations to call or visit our nearest office or alternatively visit our website www.frcs.org.fj for more information.”