310 suspected tax evasions cases worth $211.3m

Director Financial Intelligence Unit Razim Buksh (left) and Manager Intelligence Management Avaneesh Raman (middle) with the chairman of Standing Committee on Economic Affairs, Vijay Nath, during their submission in Suva yesterday. Picture: RAMA

THE Financial Intelligence Unit reported a total of 310 suspected tax evasions cases to the Fiji Revenue and Customs Service amounting to $211.3 million in 2017.

This was revealed by the unit’s director Razim Buksh while making submissions before the Standing Committee on Economic Affairs in Parliament yesterday.

According to the unit’s report, these cases decreased to 193 which amounted to 118.4million last year.

Mr Buksh said these cases could be the tip of the ice berg and that the unit had strengthened its resources to ensure that Fiji financial system was safe from illicit financial activities.

Meanwhile, in 2017, he said a total of 84 reports were disseminated to the Fiji Police Force were mostly cyber related fraud amounting to 9 million dollars which involved Asian nationals.

He said the amount involved in these cases could slightly increase after police investigation.

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