Fiji Time: 1:20 PM on Saturday 18 November

Fiji Times Logo

/ Front page / Archives » Article Index

Court fines company for failing to file tax returns

Monika Singh
Thursday, November 09, 2017

A CONSTRUCTION company pleaded guilty to seven counts of failing to file income tax returns as required and was fined $1500 for each count by the Suva Magistrate's Court.

Coral Coast Builders Ltd was penalised by resident magistrate Kashyapa Wickaramasekara who said the company failed to lodge income tax returns from 2008 to 2014.

The company had failed to lodge income tax returns under section 44 (1) of the Income Tax Act and Section 3 (1) of the Tax Administration Act 2009, contravening section 49 (1) of the Tax Administration Act 2009.

Mr Wickaramasekara said the company had not lodged tax returns despite being reminded on numerous occasions by the commissioner on a continued basis for a period of eight consecutive years.

In a statement issued yesterday, FRCS chief executive officer Visvanath Das said the case was an example of how non-compliant taxpayers would be dealt with under the law and should be a deterrent to those who thought they could get away with beating the tax system.

"Failing to lodge income tax returns is an offence under the Tax Administration Act 2009 and is unfair to those abiding businesses who lodge their returns on time," Mr Das said.

"With a strong emphasis on voluntary compliance this year, the Fiji Revenue and Customs Service (FRCS) is now on the outlook to clamp down on companies who have not been compliant with their lodgements," he said.

He urged businesses that were facing difficulty in filing their return of lodgment to contact FRCS officers at any of their offices.

"We also invite businesses to take advantage of the Government's current tax amnesty initiative until December, 2017 and become compliant without having to suffer penalties, fines and prosecutions.

"We are actively engaging and providing information to individuals, businesses and sectoral agencies as we focus our efforts on encouraging and supporting voluntary compliance in Fiji," Mr Das said.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.62050.6015
JPY 55.545452.5454
GBP 0.36760.3596
EUR 0.41340.4014
NZD 0.71590.6829
AUD 0.64370.6187
USD 0.48830.4713

from

$0.00

Exchange Rate updated on 17th, November, 2017

Today's Most Read Stories

  1. A proud Fijian in Bonn
  2. Passion and pride
  3. Broken crossings raise villagers' concerns
  4. Dengue cases drop
  5. Surgical team offers free ENT treatment
  6. Labour to map out strategies for 2018 poll
  7. 18 artistes honoured
  8. Charting a course for change
  9. COP23: Tense finance negotiations delay close
  10. Listen to people's voices, NGO urges

Top Stories this Week

  1. Fiji places second for Miss World 2017 talent Wednesday (15 Nov)
  2. Signed, sealed, delivered, I'm yours Sunday (12 Nov)
  3. COP23: France invite for Timoci Friday (17 Nov)
  4. Storer stands strong Sunday (12 Nov)
  5. Students holiday fares clarified Tuesday (14 Nov)
  6. Where there's a will... Thursday (16 Nov)
  7. Stunningly impressive Tuesday (14 Nov)
  8. Bati-mania Tuesday (14 Nov)
  9. Tighten defence Wednesday (15 Nov)
  10. Arnold pays Fiji a visit Monday (13 Nov)