The Revenue Department plans to increase its clampdown on false tax invoices in parallel with encouraging more individuals and small businesses to pay their taxes correctly and educating them about the benefits of entering the formal tax system. KOSOL NAKACHOLThe Revenue Department will step up its crackdown on false tax invoices while encouraging more individuals and operators to pay tax correctly. Mr Prasong said the use of false VAT invoices violates the law and understates corporate income tax bills. According to the law, those who falsify VAT invoices or use such documents are subject to both civil and criminal penalties. In the past two years, 16 gangs selling fake VAT invoices and 4,700 buyers have been arrested.

Source: Bangkok Post September 13, 2016 01:16 UTC