over-invoicing


over-invoicing
   the payment of money additional to the agreed price in a place selected by the recipient
   In markets where corruption is rife and taxation heavy, a customer may ask a foreign supplier to inflate the price of imports, with the difference being paid as a bribe or as a return of the excess in another country.
   See also under-invoicing.

How not to say what you mean: A dictionary of euphemisms. . 2014.

Look at other dictionaries:

  • Concerns and controversies over the 2010 Commonwealth Games — 2010 Commonwealth Games Venues Theme song Concerns and controversies Queen s Baton Relay Opening ceremony Participating nations Medal table (medalist …   Wikipedia

  • under-invoicing —    a fraudulent device to avoid import duties    The practice is found where the importing country imposes high tariffs and the buyer has access to external funds. The documentation shows a lower price than that agreed between the parties, on… …   How not to say what you mean: A dictionary of euphemisms

  • OB10 e-Invoicing — OB10 Type Private Founded London, UK (2000) Key people Luke McKeever, CEO Robin Wooldridge, CFO Employees approx. 200 (2011) Website OB10.com OB10 …   Wikipedia

  • Foreign Exchange Management Act — The Foreign Exchange Regulation Act of 1973 (FERA)in India was repealed on 1st June, 2000. It was replaced by the Foreign Exchange Management Act (FEMA), which was passed in the winter session of Parliament in 1999. Enacted in 1973, in the… …   Wikipedia

  • HAL Dhruv — Dhruv Dhruv helicopter of the Indian Air Force Sarang Helicopter Display Team arriv …   Wikipedia

  • Daimler AG — This article is about the German automobile manufacturer. For the British automobile manufacturer, see Daimler Motor Company. Daimler AG Type Aktiengesellschaft Traded as FWB:  …   Wikipedia

  • Invoice — For the Japanese company, see Invoice (company). An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An… …   Wikipedia

  • Euro Banking Association — The Euro Banking Association is an association consisting of 190 European banks. It serves as a forum for the European payments industry and plays a major role in the development of payment infrastructure solutions at a pan European level.… …   Wikipedia

  • Money laundering — is the process of disguising illegal sources of money so that it looks like it came from legal sources.[1] The methods by which money may be laundered are varied and can range in sophistication. Many regulatory and governmental authorities quote… …   Wikipedia

  • Microsoft Dynamics GP — is a mid market business accounting software or ERP Software package marketed in North and South America, UK and Ireland, the Middle East, Singapore, Australia and New Zealand. It is used in many additional countries with partner supported… …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.