Shell Companies Exploit Agricultural Tax Benefits, Issue Fraudulent Invoices Worth 30 Billion Yuan

A criminal group led by Chen Junren was found to have fraudulently registered and controlled five shell agricultural cooperatives to exploit agricultural tax incentives and issue fake VAT invoices. The group issued 32,900 fake invoices worth 30.58 billion yuan without real business transactions. The case was investigated by the State Taxation Administration and the Public Security Economic Investigation Department, leading to a court ruling holding the involved parties criminally responsible. The cooperatives falsely claimed tax exemptions on 15 billion yuan in sales, with suspicious registration and invoice patterns. Investigations revealed no actual agricultural operations, indicating fraudulent activities to exploit tax benefits.

Source: chinatax.gov.cn

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.

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