Tax authorities in the Fergana region have uncovered an attempt to illegally obtain cashback using fictitious value-added tax (VAT). The total amount of artificially created VAT reached 125.4 billion soms.

According to the regional tax department, the violation was detected during an analysis conducted as part of the fight against the shadow economy.

It was found that a resident of Fergana, identified as T.Z., registered the companies 'E.F.F.' and 'F.E.O.Z.' In May of this year, these firms issued electronic invoices claiming to have purchased flour and butter worth 1.2 trillion soms from a company registered in Termez, 'T.B.S.E.'

An audit of VAT reports for May and an inspection of warehouses at the companies' legal addresses revealed that the goods were never delivered, and no financial settlements were made between the parties.

As a result of operational measures, the VAT payer certificates of 'E.F.F.' and 'F.E.O.Z.' were temporarily suspended. The organizations submitted revised tax returns, and the fictitious VAT of 125.4 billion soms was annulled.

It is reported that the scheme was organized to subsequently sell counterfeit fiscal receipts via social networks and illegally obtain cashback.

The case materials have been handed over to law enforcement agencies.

Source: uznews.uz