VATupdate

Three arrested in Hungary in €1.4 million VAT fraud investigation

Last week, the Hungarian National Tax and Customs Administration (Nemzeti Adó és Vámhivatal) unravelled a sophisticated tax evasion scheme which caused close to half a billion forints (€ 1.4 million) in tax loss to the Hungarian state budget. A total of three individuals were arrested for their involvement in this value-added tax (VAT) fraud scheme.

Source: pressnewsagency.org

* click here if you have interesting news to share *