An Auckland Noodle bar owner has been sentenced to home detention for giving false information to help him evade $124,057.03 in core tax.
Chiming Cao appeared in the Auckland District Court on 24 March and was sentenced to 5 months home detention.
Prior to sentencing he had repaid all he core tax owed. As a result of the offending he also received $22,302.00 in Working for Families tax credits he wasn’t entitled to.
Chiming Cao declared a family income of $64,188.45 over the six years from 2012 to 2017 but during that time bought two properties and secured mortgages of over a million dollars.
After the Inland Revenue investigation started, Cao made two voluntary disclosures by tax agents acting for him that still understated his true income.
When questioned Cao said he sometimes forgot to mention the cash received when he filed returns. He kept the cash in a bag and took it back and forward to work each day.
Chiming Cao provided false information intending to evade $67k in income tax; $56k in GST and received $22k of Working for Families that he was not entitled to.