Internal Revenue Commission Acting Commissioner General, Sam Koim, says tax liabilities owed by companies can now 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.
“Well the law has now changed, so those individuals who are doing that, we can now transfer the tax liability onto the individuals. So there is nowhere they can escape by registering or de-registering or starting up new companies and all of these.
“So we are tightening up the loose ends and we will be going after those individuals.”