Miyuki Sushi Bar inc. owner Thahn Long Pham is being fined $50,000 on Nov. 17, 2014.
The restaurant was audited after Revenue Québec obtained a search warrant and seized records in Dec. 2009 and discovered irregularities.
Thahn was accused of using a sales suppression device to alter the records in the cash register and therefore the amounts of QST and GST due…
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Earlier in 2013, the founder of Happy’s Pizza, a Michigan-based restaurant that has locations in California, Indiana, Ohio, Texas and other parts of the country, has been indicted on charges of tax evasion, federal conspiracy and fraud. At that time a spokesperson from Happy’s Pizza said that the company plans to fully cooperate with authorities during the ongoing investigation. The Farmington Hills-based pizza company says it has 100 locations in Michigan and other states.
Just recently Happy Asker was convicted of a multimillion dollar tax fraud scheme, according to the Department of Justice. Asker is the president, founder and public face of the Farmington Hills-based pizza franchise.
Evidence admitted at trial showed that from 2008 to 2010, more than $6.1 million in cash gross receipts were diverted from approximately 35 Happy’s Pizza stores in the Detroit area, Illinois and Ohio, according to the press release…
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“If left unchallenged, the underground economy will erode the integrity of Canada’s tax system” The Honourable Kerry Lynne D. Findlay, Minister of National Revenue Canada, is showing her government’s determination to fight tax evasion at the latest UE strategy meeting.
Underground economy includes both unreported and under-reported sales or income, which may involve:
failure to file or register;
failure to report a business activity;
failure to report part of a business activity or income; or
failure to report employment income.
Electronic Suppression of Sales (ESS) software (commonly known as zapper software) has been used by some businesses to hide their sales…
Read More›SENATE BILL No. 1100
THE DEPARTMENT MAY REQUIRE A PERSON SUBJECT TO THE TAX UNDER THIS ACT TO MAINTAIN AN ANTI-SALES SUPPRESSION DEVICE ON ITS CASH REGISTER, ELECTRONIC CASH REGISTER, OR ANY OTHER POINT-OF-SALE SYSTEM IN A MANNER PRESCRIBED BY THE DEPARTMENT.
Back in 2012, Senator Pappageorge made public…
Read More›In a recently published notice Kenyan Revenue Authority (KRA) said a countrywide verification exercise for the electronic tax registers has began to ensure businesses comply.
“Failure to issue an ETR receipt by a registered VAT taxpayer or failure to obtain an ETR receipt on purchase from a registered taxpayer is an offence punishable under the VAT Act and any goods in respect of which an offence has been committed are liable to forfeiture,” the notice read.
KRA made plans in the past to monitor ETR usage more efficiently by installing remote controlling devices…
Read More›New rules mandate communication and data transfer enabled with the use of GPRS terminals (mostly built-in fiscal cash registers/printers), whose main responsibility is to address Revenue Authority server via mobile’s operator own virtual private network.
Update is mandatory for all fiscal devices already deployed to the market, although many will have to be simply replaced with new devices (as most of manufacturers stopped providing product support for their older models). New equipment is comprised of:
Read More›Virtual cash registers are not new, as we have seen them replacing old tills from big retail chains in the USA when Apple iPads are introduced as ECRs. In fiscal country with traditional fiscal devices however, this is indeed revolutionary.
Article by: Radka Minarechová – Finances and Advisory
DOCTORS, dentists and hoteliers are exempt from having to use cash registers, but the Finance Ministry is proposing to scrap this exception in an effort to curb tax evasion. The proposal has met with protest from some business owners, who point to the increased costs that come with registers. To silence the criticism, the ministry has introduced virtual cash registers, which will be free of charge. Though some professions see this as a positive step, they also point to potential risks.
Read More›Little bit of Chilean e-invoicing and a whole lot of Brazilian SPED experience “Nota fiscal eletrônica”, gave birth to a fully online Croatian fiscalization system.
Finance Minister Boris Lalovac enjoys promoting the system, in his latest visit to American IRS…
By: TIMES REPORTER
At Quartier Mateus, Kigali’s premier trade centre, business is booming; the sellers are cashing-in and the buyers are taking their money’s worth but one party is being cut out of the deals – Rwanda Revenue Authority (RRA).
On Wednesday evening, a New Times journalist lurked around this busy area, poking his nose in several premises to see how people here do business and the findings were worrisome.
“My mind on money, money on my mind” seems to be the tune on everyone’s mind here; every deal must yield maximum profits…
Read More›The Canada Revenue Agency (CRA) announced on September 30th 2014, that Jezz Shi-Cheng Huang, of Calgary, Alberta, pleaded guilty in Provincial Court to tax evasion and failing to remit goods and services tax (GST) for his company 1320530 Alberta Ltd, operating as Edgemont City Asian Cuisine. The court imposed a total fine of $89,753 for both the income tax and GST offences…
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