Chinese Laundry owes $34 million to the Board of Inland Revenue

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Chinese Laundry owes $34 million to the Board of Inland Revenue

Local businessman, radio station owner and former DJ-turned artist Anthony Chow Lin On, better known as Chinese Laundry, is owing the State 34-million dollars in unpaid taxes.

As such, the accounts of his company T&T Radio Network (TTRN), the parent company of radio stations 96.1 We FM, STAR 94.7 and 107.7 Music for Life have been garnished by the State.

Chow Lin On owes $34 million to the Board of Inland Revenue (BIR) for unpaid taxes. However, that sum is exclusive of interest on the debt for the period 2015-2024.

According to the BIR letter, the accounts were seized on April 25.

At a meeting called with all staff last Wednesday, Chow Lin On said he was hoping to have the matter resolved, by way of a payment plan to the State, by the end of the month.

He said the station’s business model was adversely affected by the COVID pandemic and had not sufficiently recovered. This was further compounded by the failure of advertising agencies to pay sums owed to the stations on time.

His over 80 employees have been asked to take pay cuts to continue the business until the matter can be resolved.