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
Kudos to Botswana Police Service, other security entities

“In any moment of decision, the best thing you can do is the right thing.”– Theodore RooseveltThrough the two-day event, over 700 athletes from 40 countries, and multitudes of spectators gathered in Gaborone to witness a world-class sporting spectacle.Beyond the medals and performances on the track, Botswana won something equally important: international respect. One of the key pillars behind the success was the sterling work done by the...

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