11-03-2007, 11:42 PM
04 Nov 2007, 21:44
Nuku'alofa, Tonga:
A spokesman for the Chief Commissioner of Revenue has released information outlining the total tax arrears by businesses and the strategy to collect them.
Revenue Services has compiled a list of all the businesses that owe taxes to the Kingdom. As of today, businesses owe a total of $18.7 million in tax arrears.
We have an extensive tax arrears collection programme in place, led by the Large Business Division of Revenue Services, to recover all the arrears plus penalties according to our tax laws. The Department is managing each case in accordance with the law, set out in the Revenue Services Administration Act, and the proper procedures must be followed.
Businesses must ensure that they meet their repayment obligations because we will not look favourably upon those who fail to comply. We have worked with each business that owes taxes to put in place a repayment process that is manageable but also allows the business to continue trading.
View full story: http://www.matangitonga.to/article/tax_0...4_pf.shtml
Nuku'alofa, Tonga:
A spokesman for the Chief Commissioner of Revenue has released information outlining the total tax arrears by businesses and the strategy to collect them.
Revenue Services has compiled a list of all the businesses that owe taxes to the Kingdom. As of today, businesses owe a total of $18.7 million in tax arrears.
We have an extensive tax arrears collection programme in place, led by the Large Business Division of Revenue Services, to recover all the arrears plus penalties according to our tax laws. The Department is managing each case in accordance with the law, set out in the Revenue Services Administration Act, and the proper procedures must be followed.
Businesses must ensure that they meet their repayment obligations because we will not look favourably upon those who fail to comply. We have worked with each business that owes taxes to put in place a repayment process that is manageable but also allows the business to continue trading.
View full story: http://www.matangitonga.to/article/tax_0...4_pf.shtml