G.S.T. Department’s Audit of B.T.L. Financials Still Ongoing

Ivan Tesecum

On page thirty-four of B.T.L.’s financial statement, there is an item listed as ‘contingencies.’  It states that there is an ongoing audit by the General Sales Tax Department on the parent company Belize Telemedia Limited and its two subsidiary companies namely Business Enterprises System Limited and B.T.L. Digicell Limited.  The audit stems after financial documents were leaked which show that B.T.L. purportedly owes the government millions of dollars in back taxes. The company has rejected the assertion and C.E.O. Ivan Tesecum says that the management’s opinion is that it is unlikely to incur additional tax liability resulting from the audit.

Ivan Tesecum, C.E.O., Belize Telemedia Ltd.

“The company maintains that we are still doing the audit. There has been mp assessment. At the end of the day we have paid all our taxes. That’s the company’s position.”

Reporter

“But is it the true and accurate position that management genuinely does not feel it will have to pay that knowing that it is really a decision not in your hands?”

Ivan Tesecum

“Well like I said that’s the management with the auditors working on that and yes, we do not owe that money. We’ve paid all our taxes and the audit is still ongoing and we continue to work with the authorities in that respect.”