Trading company faces charges over fake receipts

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 55%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Defining the News

Bureau of Internal Revenue Commissioner Romeo Lumagui Jr. said Thursday the agency filed criminal cases before the Department of Justice against the corporate officers and accountant of a trading company for using P200,557,697.25 worth of fake receipts.

“The use of fraudulent receipts, whether it be fake receipts or ghost receipts, is tax evasion. This case is particularly deceitful because it was the company accountant which provided for a way to get fake receipts,” Lumagui said. “As early as 2023 we have warned business owners not to follow the advice of crooked accountants. The BIR will make sure you will share a jail cell with them,” Lumagui said.The corporate officers and accountant of the trading company would face a set of criminal cases, including the owners of the fake business who provided the fake receipts.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil prices rise, stocks slide over Iran-Israel tensionsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »