- The Chilean Internal Revenue Service (SII) filed a criminal complaint against two Chinese businessmen in Valdivia for tax fraud exceeding $310 million through the use of false invoices and a network of 20 shell companies.
- The investigation revealed the use of the same IP addresses and coordinated issuance of 163 fake electronic invoices to illegally increase VAT credits and declare false costs and expenses.
- The fraudulent activities occurred between February 2023 and June 2024, resulting in significant fiscal losses in both VAT and income tax.
- The shell companies had no physical presence, employees, or import records, and operated from virtual offices.
- Advanced technological analysis and inter-institutional coordination were key in uncovering the fraud and supporting the legal action.
Source: sii.cl
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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