The GNS Warned About Penalties for Fake Invoices

Виктор Сизов Economy
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According to information from the press service of the State Tax Service, cases of issuing electronic invoices without actual business transactions have been discovered.

In the message from the STS, it is noted: "These violations are identified through analysis using a risk-oriented approach and modern digital technologies. Unscrupulous taxpayers intentionally distort accounting data by issuing fictitious electronic invoices to create non-existent expenses and unlawfully reduce tax liabilities."

Such actions contradict the tax legislation of the Kyrgyz Republic and may lead to legal consequences as provided by law.

The STS emphasizes that the issuance of electronic invoices is only possible in the presence of real business transactions and confirmed movement of goods, works, and services.

"All attempts to use electronic invoices for fictitious documentation will be detected and suppressed," representatives of the STS stated, urging taxpayers to cease violations and conduct honest business activities, considering that "the sanctions and liability measures provided by law are inevitable and quite severe."

Such schemes will ultimately be uncovered, leading to significant financial losses.

The work to identify and prevent such violations will continue and be intensified.
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