Baker Sentenced for Tax Evasion
January 28, 2016 New Zealand Taxation
TAUPO – Serial tax evasion has landed a Taupo baker an 8 month sentence of home evasion, despite having paid most of the illicit funds back.
On January 26th the Inland Revenue Department issued a new press release showing that the Taupo District Court has sentenced a Taupo baker to 8 months home detention for his continued and determined tax evasion.
According to the IRD the owner of the Chelsea Bakery and Lunch Bar, Long Soun, has worked in the bakery since 2005, but was also the owner over the period 2011 to 2014.
During his time as the owner of the bakery Long Soun evaded taxes amounting to approximately NZD 280 000, both in the form of GST and income taxes, due to unrecorded sales, and also as missed PAYE payments for employees who worked for the business without the knowledge of the IRD.
Long Soun has already paid back approximately NZD 220 000 of the previously missed tax obligations, but will still be required to complete his 8 month home detention sentence.