Meaning & use

undeclared income

noun·Advancedfinancebusiness

Last updated

UK/ˌʌndɪˌkleəd ˈɪnkʌm/
US/ˌʌndɪˌklerd ˈɪnkʌm/

Meaning

  1. noununcountablefinancebusiness

    Money that a person or business receives but does not report to the tax authorities.

    Grammar: Used without 'a' or a plural: undeclared income is a serious offence.

    Patterns

    • undeclared income from something
    • have undeclared income
    • fail to declare income

    The tax office accused him of hiding undeclared income in an overseas account.

    She was fined for failing to report undeclared income from her rental property.

    Investigators found evidence of undeclared income going back several years.

Common combinations

undeclared income from
He had undeclared income from freelance work.
hide undeclared income
They tried to hide undeclared income in a foreign bank.
tax on undeclared income
The court ordered him to pay tax on the undeclared income.
reveal undeclared income
The audit revealed undeclared income of over $50,000.

Synonyms and how they differ

hidden income
More general and less technical; it can refer to any income kept secret, not only from tax authorities.
black money
Informal and often implies illegal activity; 'undeclared income' is a neutral, factual term used in tax contexts.

Opposites

declared incomereported income

Word family

declare verb
To officially tell the authorities about income or goods.
declaration noun
An official statement giving information, especially for tax.

Commonly confused: undeclared income or unreported income?

undeclared income vs unreported income

Very similar, but 'unreported' is broader and can refer to income not reported to any authority, while 'undeclared' specifically means not declared for tax.

Practice

The company was investigated for having __________ income from overseas sales.

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