|
Publications and Press Releases :
Press Release
: News Archives
Company fined for not informing IRD of employee
ceasing employment
***********************************************************************************
A company carrying on a technology development business was fined
$5,000 today (January 26) in the Eastern Magistrates' Courts after
pleading guilty to a charge of failing to notify the Commissioner
of Inland Revenue (CIR) about an employee's cessation of employment
with the company.
The defendant, Brilliant Technology Development Limited, employed
the employee from May 2000 to April 12, 2002. However, the defendant
failed to give advance notice to the CIR regarding the employee's
cessation of employment as required under Section 52(5) of the Inland
Revenue Ordinance (IRO).
The offence was discovered when the CIR was unable to recover salaries
tax of over $200,000.
An Inland Revenue Department spokesperson reminds employers to comply
with the provision of Section 52(5) of the IRO to avoid prosecution.
The maximum penalty for such a offence is $10,000.
Ends/Wednesday, January 26, 2005
NNNN
|
|