Unusual 2 Trillion Companies ‘Tiny’ Revenue News

On October 4, photovoltaic source Youth said that through Binh Phuoc Province 2019 local budget audit, the State Audit (SAV) transferred the file to Binh Phuoc Province Police to investigate signs of buying and selling VAT invoices from High One Member Limited Company. su Bao Long (Bao Long Company) and Thanh Phuoc Trading and Service Company Limited (Thanh Phuoc Company), both located in Chon Thanh District, Binh Phuoc Province.

Similarly, Thanh Phuoc Company has a registered capital of approximately 10 billion VND, but the revenue increased dramatically in the two years 2018 – 2019 with very unusual losses – profit. In the fourth quarter of 2018 alone, the company’s revenue was 359 billion dong, but the loss for the full year was more than 2.7 billion dong. In 2019, Thanh Phuoc Company has total revenue of 2.015 billion VND and earnings report … 219 million VND.

Contracts to buy and sell “ghost” rubber?

In the two years 2018-2019, Bao Long Company bought and sold around 70,000 tons of rubber latex, but did not have a warehouse or means of transport; The goods are mainly deposited and rented, but the monthly storage and rental costs are only about 6 million VND / month. In 2019, Bao Long Company hired 2 vehicles to transport, but the fuel generated was much higher than the reasonable consumption for 2 vehicles; low year-end inventories are not adequate for commercial scale; No costs are incurred related to rubber business activities, such as container rental costs, packing and packing fees; Crane rental expenses, forklifts for loading and unloading of merchandise upon receipt or for sale …

“These are signs that apart from some actual rubber purchase and sale contracts, most rubber trading activities are likely to be bogus, which means there is a sign of illegal invoice trading. ”, SAV clearly stated.

According to the SAV, in 2019, Bao Long Company signed a contract to purchase rubber latex from Thanh Minh Khang Company for a total value of around 800 billion VND, equivalent to about 25,000 tons of rubber latex, and signed a contract to resell to the Company. Van Loi Limited with delivery address at the port of Cat Lai (HCMC). However, the contract between Bao Long Company and Thanh Minh Khang Company stipulates the delivery address at Bao Long’s warehouse in Phu Giao (Binh Duong), while according to the book, Bao Long has no warehouse. products in Phu Giao (Binh Duong). Furthermore, according to the purchase and sale contract between the two parties, the loading and unloading costs are borne by each party, but according to the book, Bao Long does not incur loading and unloading costs for these goods, which It is a signal. It shows that the purchase and sale of rubber under the above contracts is not real and Bao Long Company uses the purchase invoices of Thanh Minh Khang Company to deduct taxes.

And yet, in 2019, Bao Long Company claimed to sell around 70,000 tons of rubber latex with sales of 2.153 billion VND for Van Loi Co., Ltd., but did not issue invoices for each trip, but did issue an invoice. general according to the value. very high value sales contracts; The truck also does not have a proof of weight, or delivery note to determine the weight of each trip and the responsibility of the driver for the volume of goods transported … “This is evidence of high sales, it is most likely not true, it is a sign of violation of the provisions of article 203 of the Penal Code of 2015 on the crime of printing, issuing, selling and illegally selling invoices and receipts to the State budget ”, SAV clearly stated.

Unusual shipping rental

Thanh Phuoc Company, when exporting and selling rubber latex, does not issue an invoice for each trip, but rather issues a general invoice according to the value of each sales contract; When the vehicle is delivered, there is no weight note, delivery note and record of acceptance and settlement of the contract; The weight of the goods on the invoice is always an even number in units of tens and hundreds of tons, which is not consistent with the practice of transporting and marketing latex rubber products.

In addition, Thanh Phuoc Company signed a contract with 2 carriers, but the fixed freight unit price is 300,000 VND / ton and not associated with the transport distance is not suitable for transporting goods. According to SAV, this is evidence that the rubber trade is likely to be false, a sign of violation of the provisions of article 203 of the Penal Code of 2015 on the crime of printing, issuing and purchasing. illegally selling bills and receipts to the state budget.