- A major VAT fraud ring was dismantled by the Revenue Department and Central Investigation Bureau
- The operation took place on June 26 with raids on 14 locations in Tak, Chiang Mai, and Bangkok
- Samran Naowarat, the ringleader, and nine accomplices were arrested
- Charges include illegal issuance of tax invoices, VAT evasion, and using forged invoices
- Authorities seized over 100,000 documents, 20 mobile phones, and 30 electronic devices
- Samran’s company, S&M Brotherhood, registered 20 other VAT-registered entities for fake transactions
- These entities inflated product prices and VAT without actual goods being exchanged
- Fake export records were created to claim VAT refunds from the Revenue Department
- The network allegedly claimed over 150 million baht in VAT refunds from 2021 to 2022
- Total estimated damage to the state exceeded 1 billion baht
- Suspects have been handed over to the Economic Crime Division for legal proceedings
Source: bangkokpost.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
