SUNBIZ

Official Concerned With Dishonesty

Fiji Revenue and Customs Authority had raised their concerns over dishonesty with tax figures. FRCA general manager Taxation, Visvanath Das, said the dishonesty was by those who were supposed to
25 Sep 2015 10:46
Official Concerned With Dishonesty

Fiji Revenue and Customs Authority had raised their concerns over dishonesty with tax figures.

FRCA general manager Taxation, Visvanath Das, said the dishonesty was by those who were supposed to uphold the law.

Mr Das explained they had found that some businesses were continuing to claim 100 per cent of the Fiji National Provident Fund deductions instead of 50 per cent.

“There is a rising concern for us. We licence our accountants and tax agents, we empower them, we want to work in partnership with them not for them to break the law,” he said.

Mr Das said the message was very clear whilst they extended themselves to work with the parties; these parties need to be honest with FRCA.

He explained the practice was carried out through the two book method.

“Tax agents and accountants get involved in this by providing a certain book for taxation and a certain book for banks,” Mr Das said.

 

Issues

The problems are stamping from the dishonesty and influence.

Mr Das said: “The accountants are basically saying we make the accountants based on the information that is provided by the taxpayer.

“But here we are saying that we are empowering them that they do the necessary checks.”

He said the law was very clear and they also carried out audits and submit audit accounts.

“After auditing they should pick up the errors. We will then have to bluntly say that it’s collusion or a scheme of abetting the tax payers.”

Feedback: rachael.nath@fijisun.com.fj

 



Got A News Tip


Get updates from the Fiji Sun, handpicked and delivered to your inbox.


By entering your email address you're giving us permission to send you news and offers. You can opt-out at any time.


Sunquick
For All Fiji Sun Advertising
Fijisun E-edition
Subscribe-to-Newspaper