The implementation of the VAT Monitoring System has assisted two business taxpayers detect fraud in their business.
This was revealed by the Fiji Revenue and Customs Service Chief Executive Officer, Visvanath Das during the CEO’s Forum at the Revenue & Customs Complex in Nasese.
Das says that last week, they received feedback from two groups of taxpayers saying that implementing the system in their business enabled them to detect fraud since everything is miscalled and goes through point of sales systems.
The fraud they detected was around 10 thousand to 15 thousand dollars and they thanked the organization for this initiative.
Das said the compliance level for the implementation of the system has increased.