Tax Audit Techniques in Cash Based Economies

A Practical Guide

Paperback: £11.99
978-0-85092-824-2
Paperback: £12.00
978-0-9553540-4-5

Tax Audit Techniques in Cash Based Economies

Contributors: Sheikh Sajjad Hassan
Publication date: 1 November 2010
Size: 240mm x 165mm
ISBN: 978-0-9553540-4-5
Pages: 96

This practical guide explains, for the benefit of tax collection professionals, how to detect unrecorded cash transactions. Most developing countries have largely cash-based economies, where it can be both easy and safe to conceal many transactions from the authorities. The size of the resulting 'informal economy' can rival or even exceed that of the formal economy. Even in developed countries cash transactions are often used to evade tax, thus the guide is of use to professionals worldwide.

This second edition has been comprehensively updated, and included new material on brokers, estate agents, and expanded sections on importers, exporters, wholesalers, transport businesses and insurance companies.

The plentiful case studies will allow tax auditors and inspectors to see the application of the guidelines in practice and adapt the techniques to their own circumstances.
 



ContentsExpand or collapse me

Foreword

Introduction
Purpose and Scope
Business Culture
Causes of Evasion

Application of Untaxed Money
Types of Evasion

Non-filers

Under-reporting
A. Manufacturers
B. Importers and Exporters
Importers
Exporters
C. Wholesalers and Retailers
Wholesalers
Retailers
D. Professionals
Doctors
Lawyers
Architects
Chartered Accountants
Consultants
Estate Agents
Brokers
E. Transporters
F. Insurance Companies
G. Cinemas or Movie Theatres
H. Contractors and Suppliers
Contractors
Suppliers
I. No Accounts Cases
Wealth statement
Expenditure statement
J. Salary Cases
K. Rental Income
L. Loans and Credits
Cash Credits
Private Loans
M. Fictitious or Inflated Overheads

Misreporting

Diversion of Income

Proceedings Under Other Fiscal Laws

Miscellaneous
Common Practices
Investment in Property

About the contributor Expand or collapse me

Sheikh Sajjad Hassan (Author)

Sheikh Sajjad Hassan is a former Chairman of the Central Board of Revenue of the Pakistan Tax Service. Mr Hassan is now a leading practising consultant in taxation laws.