Public tender recipients warned against tax fraud

13 Feb 2014 11:30am
WINDHOEK, 13 FEB (NAMPA) – The Department of Inland Revenue has urged taxpayers who scored tenders for public works to correctly declare and pay their fair share of taxes to the State.
The Department of Inland Revenue, which falls under the Ministry of Finance, last year embarked upon a tax compliance audit of all taxpayers to whom public tenders for work were awarded.
“The department’s preliminary findings are that in most cases, amounts received as payment for tenders, including tenders from State-Owned Enterprises, are either under-declared or omitted from the tax computations,” stressed Commissioner of Inland Revenue Sam Shivute in a media statement issued here on Wednesday.
He thus warned that appropriate assessments and legal action would be taken against such offenders.
Meanwhile, Shivute commended all those taxpayers who continue to fulfil their tax obligations as and when required by the law.
(NAMPA)
MMT/ND/TK