Tax - Would Belize know if I was lying about Sales?

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Jock

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May 27, 2020
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My Belize IBC needs to file a tax return in Belize and financial statements (not‌ audited).
This is as it is not paying tax in another country (please lets not‍ discuss this matter just now - I am aware of PE etc).
I am a⁠ resident in the Philippines (not a CRS country).

My company receives money through a traditional⁤ bank, PayPal and Wise (all set up using Philippines correspondent addresses for the business).
I am thinking of only declaring the sales where payment came through the Bank and hiding⁣ the sales where PayPal and Wise were used.
Would Belize immediately spot this or is⁢ it likely I would get away with it?

Thanks.
 
Cheers Martin. Glad to‌ get a reply from you. Considering redomiciling the company as it has a good bank‍ account and getting one for a new company not easy of course. Any thoughts welcome.⁠
 
No need if what you have works. Long term you need to see what you‌ will do when Philippines eventually joins CRS.
 
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