Tax levied on invoicing, false declaration of investment
Fifty percent tax will be levied on proven amount of over-invoicing or under-invoicing, or on proven amount of false declaration of investment, according to the proposed provision.
The Finance Minister AHM Mustafa Kamal said in his speech today that the proposed provisions will be highly effective in curbing money laundering and tax evasion caused through acts of under-invoicing, over invoicing, and false declaration of investment.
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