16 Nov 2004

Solomon Islands fishing firm alleged to have evaded taxes

11:15 am on 16 November 2004

The Solomon Island Commissioner of Income Tax, Alfred Pohe has confirmed that the Solgreen fishing company has been served with notice of tax evasion worth millions of dollars.

The Income Tax commissioner told the Solomon Island Broadcasting Corporation the company had not complied with the country's taxation laws when it failed to lodge tax returns since its inception as company.

Mr Pohe has declined to say how much money was involved in arrears of unpaid taxes but says it is in the area of several million dollars.

A spokesman from Solgreen Fishing company confirmed the company is talking with Government authorities on how to resolve the issue.

The spokesman however denied allegations that many of the company fishing vessels should have been barred from carrying out further fishing activities until the issue of unpaid taxes by Solgreen is resolved.

He says as far as the company is aware, its fishing vessels are fully licensed to date.