BusinessAugust 16, 2026
misinvoicing
miss-in-VOY-sing
Definition
The act of deliberately falsifying the value, quantity, or type of goods on a commercial invoice to facilitate illicit activities like tax evasion, money laundering, or moving capital across borders illegally.
Etymology
The word is a compound of the prefix 'mis-' (meaning wrongly or improperly) and 'invoicing' (the act of creating a bill for goods sold), appearing in economic contexts to describe deceptive trade reporting.
In the news
The article lists trade misinvoicing as an illicit financial flow that SADC countries must combat to prevent the loss of national wealth and tax revenue.
SADC People’s Summit Demands Debt Justice, Resource Control
Read the full article ↗AfricaBrief