Income tax law (case study)
The organisation was paying income tax on behalf of its national staff on the basis of notional salaries expressed in the local currency. The organisation was however also paying the same staff additional amounts in hard currency according to an undeclared pay scale.
The authorities found out about this and lodged a case against the organisation for unpaid taxes on the hard currency payments. With interest and and penalties, the total amount claimed was enormous. Only the outbreak of civil war and the destruction of all the court and tax records saved the organisation from having to pay.
This page was last updated by Phil Wilks on 28 April 2010 at 12:14:45 (2 years ago).
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