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January 16, 2012

Tax Evasion: Immunity for Fraudsters till 30 June 2012

The Mauritius Revenue Authority (MRA) continues its hunt against those who deceive the authorities by making false statements. The tax authority proposes to waive penalties, interest and prosecution if they choose to set their own rules.

The director of the MRA, Sudhamo Lal, warned tax evaders at a press conference this Monday, January 16. He argues that the MRA is able to trace unreported income through other sources. A special program, the Voluntary Disclosure of Income Arrangement (VDIA) was implemented for the convenience of those wishing to come into line with the tax authorities.

The VDIA which will remain effective until 30 June, is to grant exemptions on penalties and interest owed ??by fraudsters. The MRA also waive prosecute offenders who voluntarily denounced. 
This program will also apply to traders, businessmen and professionals who are not registered for the collection of Value Added Tax (VAT).

Once the deadline passed, the MRA will initiate exercises audit from information that is available from other public authorities. Sudhamo Lal presented a list of no fewer than 24 sources of information that are directly connected to the network of the MRA.

Thus, the MRA is able to track the investments of people involved through its computer system. This information is transferred directly to the network of the MRA is well aware of the acquisitions of all kinds of movable property and would be inconsistent with declared income of fraud or of those who were not even registered as Tax to pay.

From 1 July 2012, the MRA will launch its hunt for fraudsters and bring to justice all those who are suspected of tax evasion. For example, highlights the director of the MRA, forty people were sentenced in 2011 for crimes related to taxation.

 

Text by lexpress.mu
 

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