Revenue & Taxation: IPI owes over $7M in taxes mvariety.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mvariety.com Daily Mail and Mail on Sunday newspapers.
THE CNMI Department of Finance-Division of Revenue and Taxation has submitted three notices of tax lien against all the properties and rights to property of Imperial Pacific International LLC in the U.S. Department of Labor consent judgment proceeding in federal court.
Assistant Attorney General Dustin Rollins on Thursday stated that in accordance with the Northern Marianas Territorial Income Tax, âa Commonwealth tax lien has priority over any lien or encumbrance not perfected prior to the Commonwealth recording its tax lien notices.â
The total amount of the tax lien against IPI is $10,405,815.88.
Richard F. Santos, collection and remittance branch manager of the CNMI Division of Revenue and Taxation, said taxes (including interest and penalties) have been assessed against IPI, adding that âdemand for payment of this liability has been made but it remains unpaid.â