Tax Evasion
Tax Evasion
1. Purpose
VANNDA PARTNERS LTD is committed to full compliance with all applicable tax laws and regulations and has a zero-tolerance approach to tax evasion and its facilitation. This policy reflects our commitment to preventing the deliberate evasion of tax and ensuring that we act responsibly and transparently in all financial dealings.
2. Scope
This policy applies to all directors, officers, employees, agents, contractors, suppliers, and other third parties acting on behalf of VANNDA PARTNERS LTD, collectively referred to as “representatives.”
3. Definition of Tax Evasion and Facilitation
• Tax Evasion is the illegal act of dishonestly misrepresenting or concealing information to reduce or eliminate tax liability.
• Facilitation of Tax Evasion involves assisting, encouraging, or otherwise enabling another person or business to evade taxes in any jurisdiction.
4. Policy Statements
• Zero Tolerance of Tax Evasion and Facilitation: VANNDA PARTNERS LTD strictly prohibits any form of tax evasion or facilitation of tax evasion. This applies to our own tax obligations as well as to those of our clients, suppliers, and any third parties we do business with.
• Due Diligence on Business Relationships: VANNDA PARTNERS LTD will undertake appropriate due diligence to prevent any association with individuals or entities known or suspected of engaging in tax evasion. This includes assessing the risk associated with suppliers, clients, contractors, and other partners.
• Transparent Record Keeping: All transactions and records must be accurate, complete, and transparent. No documents should be falsified, and all accounts and tax returns must be prepared with honesty and integrity, reflecting the true nature of transactions.
5. Responsibilities
• Employees and Representatives: Every representative of VANNDA PARTNERS LTD is responsible for understanding and adhering to this policy. Representatives must report any suspicions of tax evasion or facilitation, whether within the company or by third parties, to the Director.
• Directors and Senior Management: The Director holds the ultimate responsibility for ensuring compliance with this policy. This includes implementing anti-tax evasion measures, promoting awareness, and leading by example.
6. Reporting and Whistleblowing
VANNDA PARTNERS LTD encourages all employees and representatives to report any concerns related to tax evasion or its facilitation. Reports can be made confidentially and without fear of retaliation. Any concerns should be raised directly with the Director or through designated whistleblowing channels for complete anonymity.
7. Training and Awareness
All employees and representatives will receive training on this anti-tax evasion policy to ensure they are aware of their responsibilities and understand the importance of compliance. VANNDA PARTNERS LTD will also provide regular updates to reinforce this policy.
8. Penalties for Non-Compliance
Non-compliance with this policy may result in disciplinary action, including termination of employment or contract, depending on the severity of the breach. Additionally, violations of this policy may lead to criminal prosecution under relevant tax laws, which could involve substantial penalties and fines.
9. Review and Amendments
This policy will be reviewed annually or as needed to reflect changes in legal requirements or company practices. The Director is responsible for the ongoing review and amendment of this policy to ensure its effectiveness.
1. Purpose
VANNDA PARTNERS LTD is committed to full compliance with all applicable tax laws and regulations and has a zero-tolerance approach to tax evasion and its facilitation. This policy reflects our commitment to preventing the deliberate evasion of tax and ensuring that we act responsibly and transparently in all financial dealings.
2. Scope
This policy applies to all directors, officers, employees, agents, contractors, suppliers, and other third parties acting on behalf of VANNDA PARTNERS LTD, collectively referred to as “representatives.”
3. Definition of Tax Evasion and Facilitation
• Tax Evasion is the illegal act of dishonestly misrepresenting or concealing information to reduce or eliminate tax liability.
• Facilitation of Tax Evasion involves assisting, encouraging, or otherwise enabling another person or business to evade taxes in any jurisdiction.
4. Policy Statements
• Zero Tolerance of Tax Evasion and Facilitation: VANNDA PARTNERS LTD strictly prohibits any form of tax evasion or facilitation of tax evasion. This applies to our own tax obligations as well as to those of our clients, suppliers, and any third parties we do business with.
• Due Diligence on Business Relationships: VANNDA PARTNERS LTD will undertake appropriate due diligence to prevent any association with individuals or entities known or suspected of engaging in tax evasion. This includes assessing the risk associated with suppliers, clients, contractors, and other partners.
• Transparent Record Keeping: All transactions and records must be accurate, complete, and transparent. No documents should be falsified, and all accounts and tax returns must be prepared with honesty and integrity, reflecting the true nature of transactions.
5. Responsibilities
• Employees and Representatives: Every representative of VANNDA PARTNERS LTD is responsible for understanding and adhering to this policy. Representatives must report any suspicions of tax evasion or facilitation, whether within the company or by third parties, to the Director.
• Directors and Senior Management: The Director holds the ultimate responsibility for ensuring compliance with this policy. This includes implementing anti-tax evasion measures, promoting awareness, and leading by example.
6. Reporting and Whistleblowing
VANNDA PARTNERS LTD encourages all employees and representatives to report any concerns related to tax evasion or its facilitation. Reports can be made confidentially and without fear of retaliation. Any concerns should be raised directly with the Director or through designated whistleblowing channels for complete anonymity.
7. Training and Awareness
All employees and representatives will receive training on this anti-tax evasion policy to ensure they are aware of their responsibilities and understand the importance of compliance. VANNDA PARTNERS LTD will also provide regular updates to reinforce this policy.
8. Penalties for Non-Compliance
Non-compliance with this policy may result in disciplinary action, including termination of employment or contract, depending on the severity of the breach. Additionally, violations of this policy may lead to criminal prosecution under relevant tax laws, which could involve substantial penalties and fines.
9. Review and Amendments
This policy will be reviewed annually or as needed to reflect changes in legal requirements or company practices. The Director is responsible for the ongoing review and amendment of this policy to ensure its effectiveness.