China cracks down on tax fraud

By Xiaoxiao 31 July 2019 / Xinhua

BEIJING, July 31 (Xinhua) — Several Chinese ministries cracked down on crimes related to the use of fake invoices and export-tax rebate fraud in a special campaign, an official with the State Taxation Administration (SAT) said Wednesday.

The campaign was jointly launched by the SAT, the Ministry of Public Security, the General Administration of Customs and the People’s Bank of China, in August last year.

During the campaign, taxation law-enforcement departments investigated 115,400 enterprises which allegedly counterfeited more than 6.39 million fake invoices, said Guo Xiaolin, director of the Inspection Department of the SAT.

The investigation revealed that 2,028 enterprises were involved in “false exports” that were only for the purpose of fraudulent tax rebates, and a total tax revenue loss of 14.08 billion yuan (about 2.05 billion U.S. dollars) was recovered, Guo said.

Some enterprises conducted false VAT invoicing and enjoyed VAT tax rebates using fraudulent export declaration information, the official added.

http://www.xinhuanet.com/english/2019-07/31/c_138272880.htm


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