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What is Tax Credit Scam? Cases/Examples

Tax Credit Scam (or Tax Credit Fraud) is a bogus transaction of offering tax credits to an individual, organization or ghost company/firm. Under this scam, a government agency refunds payment on taxes that were actually never paid or giving tax credits to some companies/businesses that never existed or had stopped operations.

Tax Credit Scam

Laws violated in a Tax Credit Scam

Depending on the actions done by those who are accused of tax credit scam, they would violate laws related to anti-graft and corrupt practices, frauds, and falsifications.

Who qualifies for Tax Credit Scam
  • the officials of the government agency responsible for tax credit scam
  • the suppliers of the ghost/fake company

Here are samples of tax credit scams in the Philippines:
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