Hungary

Real Time Reporting pays off …. €14.2Milllion seized from cross-border VAT frausters in Hungary

08 July 2021

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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

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