Sun | Jan 21, 2018

Manchester businessman arrested for tax evasion, granted $30,000 bail

Published:Tuesday | January 31, 2017 | 2:23 PM

Manchester businessman, Oswald Powell, is to return to court on February 20 for failing to pay his taxes for three years.

Powell, who operates Oswald’s Seafood Restaurant in Alligator Pond, Manchester, was arrested on Friday by detectives from the Major Organised Crime and Anti-corruption Agency and taken before the court.

He was granted $30,000 with one surety.

Tax Administration Jamaica (TAJ) says the court had issued a warrant of disobedience for his arrest due to his failure to attend court in relation to tax returns he did not file from 2012 to 2015.

TAJ says Powell's arrest was part of enforcement activities in St Elizabeth.

It says it will continue to actively pursuing delinquent taxpayers by utilising the various tax collection tools provided under the law.

The TAJ is warning delinquent taxpayers that failure to report income, profits or gains can lead to arrest.