Fiji Village Thursday 25 May 2017 Six companies are being investigated by the Fiji Revenue and Customs Authority for alleged Tax and Customs Duty evasion amounting to more than $15 million.
FRCA Chief Executive Officer Visvanath Das says these six companies are allegedly undervaluing their goods to evade Customs Duties as well as understating their income to avoid Taxes.
Das says a number of companies are also allegedly involved in an invoicing scam.
He says three other companies that were under investigation for similar reasons have been investigated and slapped with a $25 million tax bill.
Das says these three companies who are major importers have since paid their taxes and penalties in full. Read more…
