Hidden Sales Revenue Million Dollars "Taxes" Stolen More Than 100,000

Jiaodong Online News On May 21 this year, the Audit Bureau of the State Administration of Taxation of the Municipal People's Government received a telephone call from the public: Yantai Engineering Co., Ltd. had problems with tax evasion. The company was established in 1998 and is a private company with a registered capital of 500,000 yuan. It mainly produces and sells microwave fiberglass dryers. It was verified that the company had registered accounts with three different banks. The inspection team immediately went to the three banks to retrieve all bank statements from April 2002 to April 30, 2004. After calculation, it was found that the accumulative amount of advances was about 2.5 million, and the company reported a total of 304,000 yuan in tax revenue during the three years. The inspection team then went deep into the company's reconciliation and discovered that the company had concealed sales revenue of 1.76 million yuan, and had not declared and paid value-added tax, and had divulged tax revenue of more than RMB 106,000. At present, the case is still pending. After the local taxation bureau is inspected, the two parties will jointly transfer the case to the judicial authorities. (Qu Xiu Xiao Xiao) Responsibility Editor: Liu Taotao Source: Yantai Evening News

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