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The operators of the Sunday Herald Newspaper, New Media Communications and its Principal Desmond Richards are to return to the Sutton Street Tax Court on April 29 for sentencing in criminal matters relating to the failure to pay over taxes.
The operators returned to the tax court Monday for breaches of the Income Tax, Education Tax, General Consumption Tax (GCT) and Company Tax Acts.
According to a release from the Tax Administration Department the ongoing tax matters were brought before the Sutton Street Court after all attempts to arrive at a settlement agreement failed.
At Monday's hearing, the attorneys for New Media requested time to make suitable payment arrangements.
However this was denied by Resident Magistrate Parkin, who indicated that the taxpayer had been given more than enough time by the Inland Revenue Department to do so.
The court then ordered that the outstanding principal sums of nearly $36 million for GCT and $58,000 for Company Tax be paid in six monthly installments.
This order takes effect on April 29, 2010.
The Tax Department says if the taxpayer defaults on the court order, more drastic action will be taken.
In the criminal matters relating to PAYE and Education Tax, the company and the director were each summoned to answer to 136 offences brought before the court by the tax authorities, resulting from failure to pay Income Tax and Education Tax for the period 2003-2008.
These matters are scheduled for sentencing on April 29.
http://www.radiojamaica.com/content/view/26012/26/
The operators returned to the tax court Monday for breaches of the Income Tax, Education Tax, General Consumption Tax (GCT) and Company Tax Acts.
According to a release from the Tax Administration Department the ongoing tax matters were brought before the Sutton Street Court after all attempts to arrive at a settlement agreement failed.
At Monday's hearing, the attorneys for New Media requested time to make suitable payment arrangements.
However this was denied by Resident Magistrate Parkin, who indicated that the taxpayer had been given more than enough time by the Inland Revenue Department to do so.
The court then ordered that the outstanding principal sums of nearly $36 million for GCT and $58,000 for Company Tax be paid in six monthly installments.
This order takes effect on April 29, 2010.
The Tax Department says if the taxpayer defaults on the court order, more drastic action will be taken.
In the criminal matters relating to PAYE and Education Tax, the company and the director were each summoned to answer to 136 offences brought before the court by the tax authorities, resulting from failure to pay Income Tax and Education Tax for the period 2003-2008.
These matters are scheduled for sentencing on April 29.
http://www.radiojamaica.com/content/view/26012/26/
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