Cagliari, fake invoices used to defraud the tax authorities: €800,000 seized from a Chinese businessman.
The company, which operates in the wholesale clothing and accessories sector, used "shell" companies to simulate non-existent sales and reduce VAT, IRES and IRAP.(Handle)
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Non-existent invoices to evade taxes and reduce VAT, IRES and IRAP .
The finance police of the Cagliari Provincial Command have executed, in the provinces of Cagliari and Naples, an 800 thousand euro seizure ordered by the investigating judge of the Sardinian capital against a Chinese businessman .
The man, a resident of Cagliari and operating in the wholesale clothing and accessories sector, allegedly issued false invoices for over €1.6 million for the purpose of tax defrauding.
The Cagliari-based company's fraud scheme was well-structured, and it relied on the help of "shell" companies , with no real business operations, always linked to Chinese companies and located in Tuscany, Lombardy, Veneto and Lazio, which systematically issued invoices for non-existent transactions from 2019 to 2021 .
All invoices lacked a description of the purchased goods, all totaled less than 3,000 euros (the limit under the anti-money laundering regulations in force at the time), and were paid in cash to evade payment traceability.
The investigation was conducted by investigators from the Economic and Financial Police Unit of Cagliari. The entrepreneur who was seized was charged with fraudulent tax returns through the use of invoices or other documents for non-existent transactions.
(Unioneonline)