Finance: Telesource resolved $4.6M taxes it owes

Posted on May 30 2017

Tag: CNMI, District Court, Finance Telesource, Last February

Telesource CNMI Inc. has already resolved the $4.6 million it allegedly owes the CNMI government for the tax period ended in 2011, 2012, and 2015.

The Division of Revenue and Taxation informed the U.S. District Court for the NMI on Friday that it has issued a certificate of release of CNMI tax lien to Telesource.

The notice states that Telesource has satisfied the requirements for the taxes and penalties, according to Richard F. Santos, Taxation collection and remittance branch manager.

Therefore, Santos said, the lien for these taxes and additions have been released.

Last February, Taxation filed a tax lien against Telesource CNMI Inc. for allegedly owing the government $4,595,410 in taxes for tax period ended in 2011, 2012, and 2015.

Telesource CNMI allegedly owes corporate income tax in the amount of $4,593,827 for tax period ended in 2012; manufacturing and wholesaling tax, $1,489 ended in 2011; and monthly business gross revenue tax, $94 ended in 2015.

Ferdie De La Torre | Reporter

Ferdie Ponce de la Torre is a senior reporter of Saipan Tribune. He has a bachelor’s degree in journalism and has covered all news beats in the CNMI. He is a recipient of the CNMI Supreme Court Justice Award. Contact him at ferdie_delatorre@Saipantribune.com

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