Toronto Business Uses False Entries To Evade Retail Sales Tax



    Ministry Investigation Uncovers More Than $19,000 In Unpaid Sales Tax

    TORONTO, Oct. 17 /CNW/ - A Toronto businessman falsified his accounting
records to mislead the Ministry of Revenue about the amount of sales tax
collected from customers.
    On September 7, 2007, Shazam Ali, operator of Toronto computer businesses
Shazam! Technology and Shazam! Technologies, was sentenced for wilfully
evading compliance with the Retail Sales Tax Act. Ali failed to report and pay
$19,124.46 in sales tax collected between 2001 and 2006.
    Ali was fined $8,500 and must pay a surcharge of $2,125 to the Victims'
Justice Fund.
    In addition to court-imposed fines and surcharges, businesses convicted
of tax offences must repay any taxes owing, plus civil negligence penalties
and interest. Ali has since paid the interest, penalties and taxes owed.
    The Ministry of Revenue operates a voluntary disclosure program.
Corporations and individuals may come forward and voluntarily report past
violations of provincial tax laws and pay any amounts owing. Prosecution and
civil negligence penalties are waived in such cases. To qualify for immunity
from prosecution and penalties, a disclosure must be truly voluntary - it
cannot be prompted by a request for access to a taxpayer's business records or
other ministry enforcement action.

    Disponible en français

    For more information visit www.rev.gov.on.ca





For further information:

For further information: Scott Blodgett, Ministry of Revenue, (416)
325-0324

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ONTARIO MINISTRY OF REVENUE

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