- Tangshan Tax Bureau investigated and penalized Qianlixing Gas Station in Zunhua for fraudulently obtaining VAT credit refunds.
- From January 2020 to April 2023, the station underreported sales and concealed income, illegally obtaining 518,600 yuan in VAT refunds and evading 513,300 yuan in taxes.
- In January 2024, authorities ordered repayment of the refunds and taxes, plus late fees and fines totaling 2,240,500 yuan, all of which have been collected.
- The tax bureau emphasized that such actions constitute tax evasion and pledged continued strict enforcement to ensure tax security and a fair business environment.
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.
Latest Posts in "China"
- EPPO Seizes €2.4 Million in Paris Shoe Import Customs Fraud Investigation
- €19 Million VAT Fraud: Italian Police Bust Smuggling Ring Importing Goods from China
- Thailand Plans Gradual VAT Increase to 8.5% by 2028, 10% by 2030
- China’s New VAT Rules Raise Gold Jewellery Costs, Shift Demand Toward Investment Bars and SGE Members
- Uncovering a VAT Refund Scam: The Fake Inventory Case of Changzhou Martin New Energy
