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Tax Practitioners Board takes pre-emptive action on Kabir case

Tax Practitioners Board takes pre-emptive action on Kabir case

Following the sentencing of former tax agent Mr Md Zahidul Kabir to five years’ jail for fraud and money-laundering in the Sydney District Court this week, the Tax Practitioners Board (TPB) has confirmed it terminated his registration on 15 October this year.

Mr Kabir was found guilty of fraud and money-laundering offences to the value of around $100,000. The TPB terminated Mr Kabir’s registration based on information provided by the Australian Federal Police and the Commonwealth Director of Public Prosecutions, and his guilty plea to the offences. He has been disqualified from practising as a tax agent and may not re-apply for registration for five years.

In the wake of the Kabir hearing, the TPB Chair, Mr Ian Taylor, said the TPB has been pursuing the case for the former tax agent’s termination.

‘The termination of Mr Kabir’s registration, before the sentence was handed down by the Sydney District Court, is evidence of the effectiveness of compliance monitoring undertaken by the TPB,’ Mr Taylor said.

About the Tax Practitioners Board:

The Tax Practitioners Board regulates tax practitioners in order to protect consumers. The TPB aims to assure the community that tax practitioners meet appropriate standards of professional and ethical conduct.

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Monday, November 19, 2018