The role of financial institutions in tax evasion prevention

One stop shop: Most of the countryu00e2u20acu2122s banks have offices in the Main Mall PIC: MORERI SEJAKGOMO
One stop shop: Most of the countryu00e2u20acu2122s banks have offices in the Main Mall PIC: MORERI SEJAKGOMO

Tax evasion is an unlawful practice where an individual, organisation or business deliberately evades paying his or her accurate tax liability.

Persons caught evading tax are usually subjected to criminal charges and substantial consequences.

Tax evasion applies to both unlawful non-payment and underpayment of taxes. Entities that are not tax compliant and/or not registered for tax, could be doing so to evade tax.

Editor's Comment
BDF visitation approval a welcome development

BDF camps are military camps, and there is a need for stricter rules and regulations to safeguard their operations as well as ensure the safety of civilians. Of course, military personnel are human, and they have relatives as well as girlfriends and boyfriends, but the fact remains that the BDF is responsible for ensuring national security and stability and, as such, will be one of the first targets in the event of possible attacks. The decision...

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