VAT fraud from reselling mobile phones caused €29.8 million in tax losses
The Hungarian National Tax and Customs Administration (NTCA), supported by Europol, dismantled an organised crime group involved in cross-border VAT fraud (missing trader intra-community fraud) and carousel fraud.
The two action days in June led to:
- 59 house searches
- 14 arrests
- Seizure of assets worth € 14.2 million including € 4.23 million in real estate, € 2.8 million in bank accounts and € 500 000 in cash
Source Europol
For other newstems on Fraud & Tax Evasion. click HERE
Latest Posts in "Hungary"
- Hungary shares its perspective on the ViDA implementation
- Hungary Introduces New E-Cash Register and E-Receipt Rules with Real-Time Reporting and 10-Year Storage
- Hungary to Mandate Digital Receipt Reporting, Phasing Out Paper and Traditional Cash Registers by 2028
- Hungary Requires Digital Receipt Reporting for Businesses Without Cash Registers Starting September 2026
- Hungary Proposes Reverse-Charge VAT to Curb Fraud and Stabilise Fresh Produce Sector
