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Audit finds $ 1.4 m unpaid taxes by former e-Visa operators
Daily FT
|October 27, 2025
AG Dept. says no verified record of total revenue collected, cannot confirm earnings from e-Visa system Revenues between Apr.-Aug. ‘24 routed to foreign bank accounts instead of official Govt. channels
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A special audit conducted by the Auditor General’s Department on the e-Visa system has revealed that companies involved in the project failed to pay more than $ 1.4 million in taxes due to the Inland Revenue Department.
According to the Auditor General’s report, GBS Technology Services and IVS Global-FZCO, operating under VFS VF Worldwide Holdings Ltd., collected the 2.5% Social Security Contribution Levy and 18% Value Added Tax from visa applicants between April and August 2024.
However, the companies did not remit these amounts, $ 172,970 in SSCL and $ 1,245,390 in VAT, resulting in a total unpaid tax liability of $ 1,418,360.
Cette histoire est tirée de l'édition October 27, 2025 de Daily FT.
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