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Clamping down on tax evasion
07 July 2014
Tax evasion has
unfortunately become rampant in our country. A number of individuals, including
foreigners, have somehow come to feel comfortable with evading tax or not
complying with it as stipulated by the law.
They feel so comfortable that it
seems that tax is being blatantly evaded even in full public view. GRTU became
aware of such a situation at the trade fair following a significant number of complaints
received from its members claiming unfair competition due to tax evasion.
seems that tax is being blatantly evaded even in full public view. GRTU became
aware of such a situation at the trade fair following a significant number of complaints
received from its members claiming unfair competition due to tax evasion.
GRTU
immediately alerted the VAT Department of the situation and it transpired that
the complaints we received where indeed founded. The VAT Department took
immediate action and assigned inspectors to carry out inspections on traders
and businesses for three consecutive dates at the trade fair. The Vat
Department confirmed to us that the majority of traders were found to be in
conformity with Vat legal obligations, but a few were found to be in breach and
were therefore reported. Action on these reports is being taken by the
Department as per normal procedure.
We urge
members to inform GRTU of any tax evading practices they might be aware of.
This will be treated with utmost confidentiality.
