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
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

Have a Story? Send Us a tip
arrow up