Taipei--Wei Ying-chung (???), former chairman of Ting Hsin Oil and Fat Industrial Co. (??), was sentenced Thursday to three years in prison for tax evasion.
However, Wei can reduce or avoid serving his prison term by paying a fine of NT$3,000 for each day of the sentence, according to the Changhua District Court sentence.
The company's accountant, Chen Hsi-hsun (???), was sentenced to 22 months in prison, which can be converted into a fine of NT$1,000 per day, the court ruled.
According Changhua District prosecutors, Ting Hsin failed to issue uniform invoices for sales of goods worth NT$732 million between January 2006 and December 2013, in an attempt to evade taxes.
Source: Focus Taiwan News Channel