Govt to crackdown on false invoices

Fri, Dec 31st 2010, 07:00 AM

Serious government action is underway to track down on companies currently dodging full payment of customs duties by using false invoices — the move key to stopping the loss of millions of dollars in revenue. State Minister for Finance Zhivargo ?Laing confirmed to Guardian Business that significant efforts will be rolled out in the new year to take control of those losses and tighten port collections. “It is a big problem, no doubt about that,” he said yesterday. “There are some commercial entities we understand that have set up entire operations in Florida, that produce these false invoices... maybe even dummy companies [and] they buy their ...

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