Whistle Blower policy pays off
July 31, 2017 6:29 pm
More than three point eight billion dollars in revenue is expected to be collected this year by the Fiji Revenue and Customs Service.
However, even more is expected with a surge in whistle blowers and compliance tax being recovered.
For the first six months of this year, close to $90 million was collected in compliance tax.
Revenue and Customs CEO Visvanath Das says informants can be rewarded quite handsomely dependent on how much unpaid tax is discovered.
“According to the Whistle blower policy, the informant has to provide information and documents and as much as it correlates to the direct tax evasion that’s happening, then we score it under the matrix, reward matric that we have so as per the scoring, then you know the policy offers a reward of up to 10 percent of the principal tax discrepancy.”
Revenue and Customs has more than 200 cases under investigation as a direct result of the whistle blower policy.
The highest whistle blower award paid out so far has been a quarter of a million dollars.