- Yunshidi Technology Development Co., Ltd. was found to have fabricated freight business and issued/accepted fake VAT invoices worth over 31.5 billion RMB between 2020 and 2022.
- The company’s input invoices were almost entirely for fuel, with no normal expenses like tolls or repairs, raising suspicion.
- Investigations revealed fake contracts, inconsistent business records, and falsified transport data; funds were quickly funneled back to the company’s legal representative.
- Authorities have arrested 6 main suspects, transferred 379 downstream companies for further investigation, and the case is under trial at Xi’an Intermediate People’s Court.
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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