4 ms·
In Portugal you can actually make a payment as "Confidential or Undocumented Expense" (with no invoice supporting it), making it taxable instead of tax deductib
by rjtavares 6y ago
In Portugal you can actually make a payment as "Confidential or Undocumented Expense" (with no invoice supporting it), making it taxable instead of tax deductible.
- SilasX 6y agoThat's ... not a massive loophole used to hide money from taxation?
- rjtavares 6y agoNo, because they are taxed at basically the maximum marginal rate. There are cheaper ways to avoid taxation. It's seldom used and only when there's no alternative (e.g. a lost invoice that you don't want to charge your employee for).
- SilasX 6y agoAch, sorry, I misread your comment -- so, it doesn't change their tax situation, so there's no reason to falsely use this. Understood. Never mind.