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Local Company Charged with 3 Counts of Tax Evasion
May 22nd, 2016 | 08:40 AM | 3956 views
BANDAR SERI BEGAWAN
A local company, Richard & Paul Sdn Bhd, was charged with three counts of failure to pay income tax, in the Magistrate's Court yesterday.
The company is accused of defaulting in income tax payment for December 31, 2012, December 31, 2013 and December 31, 2014.
Final notices under Section 52 of the Income Tax Act (CAP 35) were issued on September 7, 2015 via registered post by the Collector of Income Tax to the defendant to make a return of the whole income the company accrued as of the above mentioned dates.
The defendant was given a further 30 days to comply with the final notices and submit the required documents, but failed to do so without a reasonable excuse.
The defendant was charged under Section 52 of the Income Tax Act (CAP 35) which states that companies are required to furnish a return of income and such particulars as may be required for the purpose of ascertaining the income. Failure to comply is an offence under Section 78(1)(a) of the Income Tax Act (CAP 35).
Source:
@BRUDIRECT.COM
by BruDirect.com
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