Why to Avoid Tax Evasion > Other important points
Are you a tax evader?
Can the financial penalties charged on a tax evader be amnestied? How?
The principal term of the financial penalty and interests charged on a tax evader
Risk of paying much more personal income tax in case of a sale
Risk of being paid very low compensation in case of nationalisation
Risk of re-mortgaging your property at a lower value
Risk of being involved in an anti-money laundering activity
Risk of being included in the black lists of financial organisations
Other important points
In this regard, make sure that the prices shown in the purchase & sales contract, the TAPU (title-deeds), and the documents declared to tax authorities are all the same and equal to the actual purchase price.
Make sure that you keep all relevant invoices and receipts which justify you have made the payments. If you are using an agent, solicitor, translator, or other professionals, please ask for an invoice.
If you are forced by a seller or agent to under-declare the price, you can be sure that he/she is very likely to be a fraudster.
Moreover, you may be instructed by a seller or real estate agent to pay the agreed price into two or more accounts. In that case, you can think that the seller is highly likely to evade tax.