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Ministry Alleges 166 Companies Used Fake Receipts

Oct 19 , 2019

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The Ministry of Revenues announced allegations against 166 companies involved in tax evasion and using forged receipts. The investigation conducted by the National Intelligence & Security Service (NISS) and the police revealed illegal trading with fake addresses, according to Adanch Abebe, minister of Revenues. Among the 166 suspects, 16 are currently under arrest for further investigation after an inquiry exposed transactions worth over 51 million Br with no service or goods to offer. Also, investigations disclosed that 136 of the suspects were trading over 6.9 million Br. At a press conference held on October 18, 2019, Adanech stated the relentless effort of the institution would continue to uphold the reform by exposing illegal practices and enforcing the rule of law.

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