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Government refutes allegations of closure

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Government refutes allegations of closure

This story was posted 7 years ago
9 December 2019
in Business, PRESS RELEASE
2 min. read
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The Ministry of Finance has observed a statement purported to be issued by Andall & Associates Inc. that suggests a decision taken by its management to close operation is in some way directly related to actions taken by the government.

It must be noted that the decision taken by the management of any entity to close its operations is purely managerial in nature and should not be attributed to government.

The Government of Grenada wishes to categorically deny this claim and empathises with the many workers that may be affected as a result. It is important to establish that tax compliance is the responsibility of all taxpayers and that government has no authority in law to waive taxes.

Historically, government has made special arrangements and has worked with clients/taxpayers to allow them the opportunity to settle their legal obligations to the state via payment arrangement and other means. We, therefore, use this opportunity to congratulate the taxpayers who have worked and continue to work with the government to meet their responsibility.

However, there are instances where clients/taxpayers blatantly refuse to settle their tax obligations, some of which are collected from the ordinary Grenadians who purchase items and pay taxes like that of the VAT, that must then be remitted to the Inland Revenue Division, Ministry of Finance. As a responsible government, the collection of monies from the working class and the failure to pay over the same to the government while business owners enrich themselves cannot and will not go unchecked.

The government, therefore, encourages all taxpayers to file and pay their respective taxes to the Inland Revenue Division and further discourages any attempts to engage in any fraudulent or criminal activities at the Customs and Excise Division.

The government remains committed to engaging clients or taxpayers on the necessary payment arrangements that would allow entities to be in good standing with their tax obligations.

GIS

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Tags: andall & associatescustoms and excisegisinland revenueministry of financetax

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