The Revenue Department is planning to launch a value-added tax (VAT) reverse charge scheme in the scrap metal industry to reduce the risk of refund fraud by January 2024, says director-general Lavaron Sangsnit.
He said more than half of the fake VAT invoices were issued by scrap metal businesses to be used as evidence for tax refunds from the department and are deemed to be highly unacceptable.
Source: www.bangkokpost.com
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