Xi’an Tax Bureau and Police Crack Down on Major VAT Invoice Fraud by Yunsidi Tech

• The Xi’an Tax Bureau and police investigated Yunshi Di Technology for issuing fraudulent VAT invoices.
• From 2020 to 2022, the company fabricated business activities, accepting and issuing thousands of fake VAT invoices totaling over 31.59 billion yuan.
• In March 2024, authorities classified these invoices as fraudulent and referred 379 downstream companies for further investigation.
• Six main suspects have been arrested, and the case is under trial at the Xi’an Intermediate People’s Court.
• The tax bureau emphasized its commitment to cracking down on tax-related crimes and maintaining a fair tax 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.

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