"Generally, non-compliance is more common among businesses with substantial cash transactions, weak internal controls or processes, and no or poor record-keeping," said the tax authority, adding that these practices are common among the self-employed and family-run businesses.
Iras highlighted the example of the funeral industry, which comprises more than 400 entities providing funeral-related services. The tax authority said 16 people are assisting Iras in investigations into their suspected involvement in tax evasion and failure to register their businesses for GST.
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