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Dynasty owes the CNMI $125,452 in taxes this year
The owner of Tinian Dynasty Hotel & Casino owes the CNMI government $125,452.17 in taxes this year, according to the Department of Finance’s Division of Revenue and Taxation.
Revenue and Taxation, through collection and remittance branch manager Richard F. Santos, filed on Friday in the U.S. District Court for the NMI a notice of tax lien against Hong Kong Entertainment (Overseas) Investment Ltd.
When asked yesterday, Tinian Dynasty Hotel & Casino manager Christopher Bishop said he is not aware of the tax lien matter.
According to Santos, notice has been given that taxes (including interest and penalties) have been assessed against Hong Kong Entertainment. He said demand for payment of this liability has been made but it 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 the taxpayer for the amount of these taxes and any additional penalties, interest, and cost that may accrue,” said Santos.
He said Hong Kong Entertainment owes the government $15,500.08 in business gross revenue tax monthly return for tax period ended June 30, 2015, and $17,883.10 in BGRT monthly return for the tax period that ended July 31, 2015.
Santos said Hong Kong Entertainment also owes the government $989.92 and $22,769.69 in hotel and bar tax return for tax period ending July 31, 2015.
In addition, the Tinian Dynasty owner allegedly owes the CNMI $68,339.38 in employers withholding for tax period ending June 30, 2015.
A few weeks ago, Tinian Dynasty shut down its casino. Tinian Dynasty recently announced the full closure of both the casino and the hotel before the end of this month.
Saipan Tribune learned that some vendors/businesses that have collectibles from Tinian Dynasty are worried that they will not be paid because of the closure announcement.
Bishop assured yesterday that vendors will get paid.
