Three Accused to Face High Court Trial Over $2.3M VAT Fraud Linked to THA Invoices

• Two persons are to stand trial for allegedly conspiring to defraud the public of over $2.3 million in VAT through fraudulent invoices THA.
• The company issued 65 invoices with VAT to the THA despite not being VAT-registered, using another company’s VAT registration number.
• VAT collected from the THA was allegedly not remitted to the Board of Inland Revenue (BIR).
• The accused remain on $800,000 bail each, and the High Court trial is set to begin on September 18.
• The charges followed an investigation by the Criminal Tax Investigation Unit of the BIR.

Source: trinidadexpress.com

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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