Electronic Invoices: New Digital Tactics in Tax Fraud and State Revenue Loss Prevention Challenges

• Electronic invoices aim to increase transparency and reduce fraud but have not eliminated illegal invoice trading due to management loopholes.
• Recent cases show that fraud has shifted from manual to digital forms, making detection harder without effective controls.
• Son Thai Long Co., Ltd. and Chinh Uy Trading and Construction Co., Ltd. were prosecuted for illegally buying and selling value-added tax invoices, causing significant state budget losses.
• Common tactics include creating “ghost” businesses to issue fake electronic invoices, which are then used to legitimize non-existent goods or services and evade taxes.
• Most violations now occur in digital data, disconnected from actual business transactions.

Source: baonghean.vn

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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