Tax administration selling seized assets

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The Tax Administration is moving to dispose of assets seized by its Special Enforcement Team (SET) during operations carried out over the past several months.

The seized assets will be disposed of by way of sealed bids from qualified persons, the proceeds of which will be used to offset liabilities of the delinquent taxpayers.

Persons wishing to participate in the bidding exercise may contact the designated officer named in the advertisement published on the Tax Administration website

A list of the assets available for disposal, along with details of the process and a copy of the bid form are also available on the website.

Interested persons must submit their sealed bids by 3:00 pm on Friday, March 25 addressed to the Inland Revenue Department.

The bidding process is only open to members of the public. Staff of the Tax Administration and their families are not eligible to participate.