evasion of tax

evasion of tax

n. the intentional attempt to avoid paying taxes through fraudulent means, as distinguished from late payment, using legal "loopholes" or errors. (See: income tax, estate tax)

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The evasion of tax is one of the much perverted factors in the taxation system of Pakistan.
The evasion of child support under the guise of everchanging "self-employment" is also an evasion of tax.
It further said all offences where the evasion of tax exceeds Rs 2.
In an affidavit submitted to a Nairobi court on Friday February 5, Interpol described Sharma as "a member of a gang whose purpose is continued commission of VAT evasion by giving fake revenue particulars leading to evasion of tax amounting to 12,888,434 euros.
On the other hand the interior secretary showed the sale price of the plot as Rs 10 million during the process of registry of the plot for evasion of tax.
The Bill aims to make concealment of income and assets and evasion of tax in relation to foreign assets prosecutable with rigorous imprisonment up to 10 years.
However, Troup and Harra said they always investigate situations where evidence suggests there may be the avoidance or evasion of tax and would, if they saw it necessary, bring a prosecution.
16 for the year 2013 for ratification of an Agreement between the Kingdom of Bahrain's Government and the Government of Barbados regarding non-dual taxation or evasion of tax imposed on income.
A case of serious tax evasion is defined by HMRC as concerning the evasion of tax totalling GBP50,000 or more, or if it is suitable for prosecution.
With photos) KUWAIT, April 20 (KUNA) -- In an effort to encourage bilateral investments, Kuwait signed two agreements with Lithuania for the evasion of tax duplication and for the reciprocal protection and encouragement of investments.
There is no doubt the tax returns were fraudulent and the prosecution case is Mohammed knew very well the documents he was submitting were intended to facilitate the evasion of tax.
Before leaving for Swat, he advised everyone to avoid the evasion of tax and zakat and become good Muslims.