SRC STRENGTHENS TAX EVASION LAWS, INCREASE COMPLIANCE FOCUS
Tax evasion is defined as the unlawful act of deliberately misrepresenting, concealing or falsifying information to reduce or eliminate tax liability. This unethical practice which undermines the tax system is considered as a criminal activity Following amendments made to section 50 of the Revenue Administration Act (RAA), effective 1 January 2025, any person who willfully […]
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