Cap. 395 Art. 62Irregularities in records, returns, invoices and transactions.

Any person who -

(a) knowingly fails to account for any taxable activity carried on by him in the records, documents and accounts required by this Act and any regulations made thereunder; or

(b) gives any return, statement or information required for any of the purposes of this Act which he knows to be incorrect or misleading in any material respect; or

(c) falsifies any records, documents, or accounts required to be kept under this Act or prepares or draws up or helps in the preparation or drawing up, or makes use of, any false records, documents or accounts; or

(d) with the intent of concealing any evidence which he knows or is reasonably expected to know to be relevant for any purpose of this Act, destroys, erases, damages or conceals any stored information or any records, documents or accounts; or

(e) fails to provide or produce a tax or other invoice or document or fiscal receipt as and when required by this Act, or provides any such tax or other invoice or document or fiscal receipt which he knows to be or is reasonably expected to know to be incorrect or misleading in any material respect; or

(f) provides an invoice or other document or fiscal receipt in respect of a taxable activity showing tax to be chargeable on that taxable activity in a case where no tax is chargeable or where the tax is less than that shown, or otherwise adds to or includes in a price for a taxable activity any amount purporting to represent tax which is not due or which is higher than the tax due; or

(g) having added to or included in a price for products sold or services provided by him to another person any amount purporting to represent tax chargeable under this Act, fails to account for that amount in his records or to pay that amount to the Director; or

(h) acquires possession of or deals in products, or accepts the provision of any services having reason to believe that the tax on the sale of the said goods or provision of services has been or will be evaded; or

(i) enters into a taxable activity or offers to enter into a taxable activity with another person in respect of products or services the acquisition or dealing with which or the acceptance of which would render that other person guilty of an offence in virtue of paragraph (h), and to a further fine (multa) equal to ten times the endangered tax, or to imprisonment of not more than six months or to both such fines and imprisonment.