Some firms issue fake invoices
The Revenue Department plans to propose to the finance minister revising the value-added tax (VAT) payment law for businesses buying scrap iron for recycling as some firms are issuing fake VAT invoices, says director-general Lavaron Sangsnit.
Mr Lavaron said he would propose downstream smelters in the steel trade be the parties issuing VAT invoices for purchases from scrap iron dealers.
In this business supply chain, the men and women who roam the streets on tricycles collecting used materials and waste are called “saleng”. They sell scrap iron to scrap dealers, who in turn sell the…
