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"
- Commission Backs Italy’s VAT Derogation Through 2028
- Comments on GC T‑575/24 – AG – Contrary to EU law if services provided to members are regarded as internal acts
- Comments on ECJ C-515/24 (Randstad España) – AG – Introduction of exclusion of VAT deduction of representation expenses by Spain not contrary to EU law
- Briefing Document & Podcast: VAT concepts ”Chain Transactions” & ”Triangulation” explained based on ECJ/CJEU cases
- Comments on ECJ C-744/23: No-Cure-No-Pay Services Are Subject to VAT
