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NMI files tax lien vs owner of defunct Dynasty
The owner of the now-defunct Tinian Dynasty Hotel & Casino allegedly owes the CNMI taxes amounting to $10,477 for the 2016 tax period.
The CNMI Department of Finance’s Division of Revenue and Taxation filed last week a notice of tax lien under CNMI tax laws against Hong Kong Entertainment (Overseas) Investment Ltd. before the U.S. District Court for the NMI.
According to Finance, taxes, including interest and penalties, have been assessed against HKE, but the demand for payment remains unpaid.
“Therefore there is a lien in favor of the Commonwealth of the Northern Mariana Islands on all property and rights to property belonging to this taxpayer for the amount of these taxes and any additional penalties, interest, and costs that may accrue,” said Revenue and Taxation collection branch manager Richard Santos in the notice.
Santos said HKE owes employer’s quarterly withholding tax return in the amount of $10,264 and $212 for tax period that ended on June 6, 2016.
Last month, the U.S. Internal Revenue Service also filed a notice of tax lien against HKE for allegedly owing employer’s quarterly federal tax returns in the total amount of $15,198 for tax period ending Sept. 30, 2016.
Last October, IRS also filed a notice of tax lien against HKE, saying it allegedly owes $593,821 in taxes covering the 2015 to 2016 tax period.
According to court documents, HKE no longer has any employee working in the CNMI and that water and power to Tinian Dynasty has been shut off.
