過少申告加算税 (かしょうしんこくかさんぜい) Japanese meaning | KotomoraA tax audit revealed underreporting of income, and a penalty tax for understatement was imposed.
add, addition, increase
算calculate, divining, number Related words
- 無申告加算税
Penalty tax for failure to file a return, whereas 過少申告加算税 applies when a return is filed but income is understated.
- 重加算税
Heavier penalty tax imposed for intentional concealment or fraud, while 過少申告加算税 is for simple understatement without such intent.
Etymology
Compound of 過少 (understatement), 申告 (declaration), 加算 (addition), and 税 (tax). A modern legal term.
