Patterson Brothers Ltd charged by FRCS

Patterson Brothers Transport Ltd Convicted on 8 counts of Failing to File Tax Returns

Patterson Brothers Transport Ltd has been convicted for failing to file Tax Returns to the Fiji Revenue and Customs Authority (FRCS).

The company pleaded guilty to all eight counts of failing to file tax Returns as required under section 49(1) of the Tax Administration Act.

“The company failed to lodge tax returns from 2008 to 2015 and was imposed a fine of $12,000 being $1,500 for each count by the Court,” FRCS Chief Executive Officer, Mr. Visvanath Das said.

“The maximum penalty for failing to file tax Returns under the law is $15,000 or 12 months’ imprisonment or both,” Mr. Das said.

“However, effective from 1 August 2017, maximum penalty will be increased to $25,000 or 10 years’ imprisonment or both,” he added.

The Authority reiterates the serious consequences of tax avoidance by failing to lodge tax returns.

“This case is a reminder to the business community to file tax returns in a timely manner. Despite numerous awareness campaigns, some businesses continue to cheat the system. The Authority has no other choice but to prosecute such offenders.”

“Companies and business enterprises should understand the financial consequences of not filing tax returns. Currently, there are nine pending cases before the court out of which seven are companies and two sole traders who have failed to file tax returns,” Mr. Das said.

“As announced by the Minister in the 2017/2018 National Budget, FRCS will vigorously enforce the law and prosecute violators,” he said.

“We also encourage the general public to come forward in providing relevant information on tax offenders that will assist the Authority in its audits and investigations,” he added.

Again the Authority would like to remind the public on the importance of lodging all tax returns on time.

For queries, please contact the Public Relations Team on 3243013 or 3243031.

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