June 16 2022

The upstream and downstream enterprises of tax fraud will be severely punished

On 16th June 2022, the State Administration of Taxation, the Ministry of Public Security, the Supreme People's Procuratorate, the General Administration of Customs, the People's Bank of China, the State Administration of Foreign Exchange held the meeting in Beijing to jointly crack down tax fraud on VAT credit refund and export tax refund.

The meeting stressed that the six departments at all levels should carry out a three-dimensional, full-chain crackdown on the upstream and downstream enterprises of tax fraud, focusing on gang-style, trans-regional, illegal acts of fraudulently issuing invoices to obtain VAT credit rebates and export tax rebates, and severely punish them. The meeting stressed that cases should be handled in accordance with laws and regulations, and that law-abiding enterprises should be risk-free and undisturbed. To the non-subjective intentionally illegal acquisition of tax rebate retention enterprises, to remind them to rectify; An entity enterprise that promptly makes up the tax payment or recovers the tax loss for a first or accidental offense may be given a lenient punishment according to law; Enterprises that maliciously fabricate, falsely issue invoices or fraudulently obtain tax rebates by gangs, especially those involving huge amounts of tax fraud, egregious circumstances and serious harm, shall be strictly and resolutely punished.

Reference: https://mp.weixin.qq.com/s/AHum4sXtUWDa4XF8wJ4CNw