On 20/3, Khanh Hoa Provincial Police prosecuted Pham Ngoc Tuan, 41, residing in Tay Nha Trang ward, for illegal invoice trading. He was also banned from leaving his residence.

For the same offense, Tran Van Binh, 51, residing in Cam Lam commune, was temporarily detained. Binh was serving a 15-month suspended sentence but committed further crimes. The remaining 4 suspects, aged 33-56, were banned from leaving their residences.

According to the investigation, from 2022 to 2024, Tuan established and operated 14 companies. He used these legal entities to issue value-added tax invoices to various organizations, individuals, and businesses across the province.

Police determined that 1,153 invoices without accompanying goods were issued. These invoices had a pre-tax goods value exceeding 120 billion VND and value-added tax exceeding 11 billion VND, totaling over 131,3 billion VND after tax. These transactions were all aimed at generating illicit profits.

The other individuals assisted in invoice transactions and handled related administrative procedures.

The investigative agency stated that illegal invoice trading not only causes losses to the state budget but also distorts the financial and accounting activities of businesses. This facilitates tax evasion, money laundering, and other economic violations.

Bui Toan