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Under Invoicing

Zulfiqar Ali's Profile

Hi

Will someone explain it to me under-invoicing, how does it works with detail and with examples, please.

Everyone should provide his/her view as this would help me understand in deep.

Responses will be highly appreciated.

Thanks

Answers

Zafar Islam
Title: Advance Diploma in Accounting & Business..
Company: ACCA
LinkedIn Profile
(Advance Diploma in Accounting & Business / ACCA, ACCA) |

The act or practice of stating the price of a good on an invoice as being less than the price actually paid. Underinvoicing occurs if the importer and/or exporter wish to reduce a tariff or if a buyer and/or seller wish to reduce their apparent profits so as to pay less in taxes. See also: Fraud.

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