https://www.taxtmi.com/news?id=21380 Trade misinvoicing generated significant potential revenue shortfalls in 2016 through deliberate falsification of invoice value, volume or quality to shift funds illicitly or evade customs duties and VAT. The analysis separates export and import mechanisms-export under or over invoicing for outward fund shifts and incentive abuse, and import over or under invoicing for money transfers or duty/VAT evasion-identifies high risk commodities and partner countries, and links import misinvoicing specifically to uncollected VAT, customs duties and corporate income tax. en-us Thu, 06 Jun 2019 16:50:02 +0530 Thu, 06 Jun 2019 16:50:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21380 Trade misinvoicing generated significant potential revenue shortfalls in 2016 through deliberate falsification of invoice value, volume or quality to shift funds illicitly or evade customs duties and VAT. The analysis separates export and import mechanisms-export under or over invoicing for outward fund shifts and incentive abuse, and import over or under invoicing for money transfers or duty/VAT evasion-identifies high risk commodities and partner countries, and links import misinvoicing specifically to uncollected VAT, customs duties and corporate income tax. News - Thu, 06 Jun 2019 16:50:02 +0530 https://www.taxtmi.com/news?id=21380