By FM100 News
The Internal Revenue Commission (IRC) will investigate employers who remove taxes from their employees for their own use instead of transferring the funds to IRC.
In a News Conference today, IRC Acting Commissioner General Sam Koim said many employees of companies have been complaining they were paying more taxes under the IRC’s progressive Personal Income Tax Regime.
Mr. Koim said whilst the change in tax policies concerning the tax rates are yet to be considered by the Government, they have witnessed a growing pattern where employers withhold salary and wages taxes from their employees and instead of transferring those funds to IRC, they divert the taxes to meet their other operational expenses.
He said for those who have been complaining about paying taxes, it is possible the money ended up in the pockets of employers.
Mr. Koim says this is not only a breach of trust issue, but a criminal conduct.
IRC has already picked up a number of cases and will be establishing a team to start pursuing these cases.
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