Showing 1 - 10 of 13
Fake invoices used in multi-million-baht VAT refund fraud
Wassayos Ngamkham, Published on 30/06/2025
» The Revenue Department (RD) and the Central Investigation Bureau (CIB) have jointly dismantled a major value-added tax (VAT) fraud ring that allegedly resulted in over 1 billion baht in losses to the state.
VAT reverse charge scheme in the pipeline
Business, Wichit Chantanusornsiri, Published on 18/07/2023
» The Revenue Department is planning to launch a value-added tax (VAT) reverse charge scheme in the scrap metal industry to reduce the risk of refund fraud by January 2024, says director-general Lavaron Sangsnit.
ICOs no-go amid public vetting
Business, Published on 16/05/2018
» New initial coin offerings (ICOs) will be prohibited from launching during the public hearing process to draft the organic law on regulating digital assets, says the Securities and Exchange Commission (SEC).
New blitz on tax evaders looms
Business, Wichit Chantanusornsiri, Published on 19/07/2017
» The Revenue Department will tighten law enforcement by filing criminal complaints against those who use fake invoices to evade tax payment and accounting firms as accomplices.
Getting tough on false invoices
Business, Wichit Chantanusornsiri, Published on 13/09/2016
» The Revenue Department will step up its crackdown on false tax invoices while encouraging more individuals and operators to pay tax correctly.
VAT refund scam reveals loopholes in tax law
News, Wichit Chantanusornsiri, Published on 02/07/2015
» Despite making progress in its probe into a value-added tax refund scam which caused the loss of 4.3 billion baht in state income in 2012-2013, the Revenue Department has still not been able to get back a single baht from the perpetrators.
VAT trawl nets big fish
Business, Wichit Chantanusornsiri, Published on 15/06/2015
» Since value-added tax (VAT) was introduced in 1992, there have been several cases of false refunds, but the offenders, especially the big fish, always managed to slip through authorities' fingers.
VAT refund fraud rampant
Business, Wichit Chantanusornsiri, Published on 11/09/2014
» The Revenue Department has put more than 10 products at risk of being used for value-added tax (VAT) refund fraud on a blacklist to alert officials to tighten inspections on tax refunds.
10 arrested in VAT fraud scheme
Online Reporters, Published on 10/09/2014
» The Revenue Department arrested 10 people and is investigating about 50 companies for allegedly defrauding the department out of 600 million baht in value-added taxes.
Police arrest three over B200m tax fraud
News, Wichit Chantanusornsiri, Published on 09/08/2014
» Three people accused of producing fake value-added-tax (VAT) invoices worth 200 million baht have been arrested in Bangkok and Lop Buri.