The VAT carousel fraud, also known as missing trader intra-community (MTIC) fraud, is a type of scam that exploits loopholes in the European Union’s (EU) value-added tax (VAT) system. This type of fraud is illegal and can result in significant financial losses for businesses and governments.
Source Jadranko Terzic
Latest Posts in "European Union"
- Impact of New EU VAT Framework on Italian Distance Sales and Imported Goods
- CJEU to Rule on Danish VAT Group Ownership Law Compatibility with EU Directive
- EU Mandates Textile EPR: Brands Must Adapt to New Waste Framework Directive
- AG’s Opinion in Lyko Case: New Perspectives on VAT Treatment of Loyalty Programs
- VAT Compliance for Online Sellers: Essential Tips for Digital Goods
