No mercy after amnesty period: Taxman
October 24, 2017 6:22 pm
No mercy will be granted to those who have not declared their offshore asset once the current amnesty period ends.
In an exclusive interview with FBC News, Fiji Revenue and Customs Service, Chief Executive, Visvanath Das says those who fail to declare should be ready to face the full brunt of the law.
The taxman says the last time the Revenue and Customs held this amnesty period, close to a half million dollar worth of assets were declared.
“I think this far we have received about two hundred applications and of course the amnesty period ends on 31st on December – so we would just like encourage people to have that declaration because of course once we peruse audit investigations – I’m sorry there will be no mercy but you will have to face the full brunt of the law.”
The amnesty period for declaration of offshore asset to the Revenue and Customs started on June 30th and has seen a slow start.
The second amnesty program is the General Amnesty – whereby it gives small and medium enterprises who have a turnover of one point five million dollars the ability to use this platform.