Central Malaita Student Association Blog Site: TAXPAYERS OWE GOVERNMENT MILLIONS OF DOLLARS

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.........................................WELCOME......................................... The Central Malaita Students Association (CMSA) is a multi-dialect and cultural Student Group Consisting of students from Kwara’ae, Langalanga, Kwai and Ngongosila, Malaita Outer Islands, Kwaio and Fataleka. Our vision and objective is to protect the norms and cultural values of our members while at the same time we enhance our academic knowledge and skills towards the promotion of development and the improvement of living standards in our respective regions. .............................................DISCLAIMER............................... The site welcomes any contribution by way of information, comments, news articles, photos etc from its members and interested members of the public to ensure we are well informed of all the developments in our villages, constituencies, regions, islands, country, region and the world at large as well. However, any transmission of information, news and comments is intended only for the use of the members of the Association. Any use or dissemination of information provided in this site in other websites or medium of information is not the responsibility of the Association, and the Association cannot be held liable for it. The contents of this webpage, unless expressly stated, do not comprise the views of the Association or any representation by the Association, but are views of its individual members. .

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Tuesday, March 20, 2007

TAXPAYERS OWE GOVERNMENT MILLIONS OF DOLLARS

SIBConline news
18:39 hrs
19/03/2007

The Inland Revenue Audit has revealed that taxpayers still owe the government more than 11 million dollars for the year 2006.Acting Commissioner of the Inland Revenue Division of the Ministry of Finance, Ronnie Piva says the audit for last year assessed additional income of 11-point-two-five million dollars.Mr Piva says the audits covered a broad spectrum of taxpayers, including financial institutions, shipping agents, high wealth individuals, retailers, wholesalers and a local exporter. "These are some of the income that had never been properly declared. We have found out that they have never submit the returns too, or may be the income of the return submitted were under-declared. Those are the areas my Minister of Finance mentioned in our 2007 audit strategy. Those are the areas that will be covered, we know most of the businesses are the high wealth, the high profile taxpayers, those businesses and individuals operating outside the tax system."Mr Piva says while the results from a financial return point of view are pleasing, it's disappointing to see that most of the businesses we audited, did not fully comply with their legal obligations. He says in the case of one business the Division audited last year the auditors identified over two-point-five million dollars in taxes that were not paid. Mr Piva therefore calls on Solomon Islands taxpayers to fully comply with their legal tax obligations and ensure they file correct tax returns and pay all taxes due.

posted by administrator @ 8:35 AM

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