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

[Jock]

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.

 

[Martin Everson]

Would Belize immediately spot this or is it likely I would get away with it?

Likely you will get away.

 

[Jock]

Likely you will get away.

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.

 

[Martin Everson]

No need if what you have works. Long term you need to see what you will do when Philippines eventually joins CRS.