Acting Commissioner General

Firms’ tax liabilities can be transferred to individuals

Koim said individuals who run a company and incur a tax bill will still be liable even if they deregister the company.

The warning comes after change in tax laws, according to Koim.

“There’s a change of law to go after individuals, this is another message I would like the public to know,” he stated.

“People will think that I can register a company and once the IRC catches up with me, I can leave that company and go and register a new company.