- European Public Prosecutor’s Office estimates serious VAT fraud at €11.5 billion in 2023
- 71% increase from 2022 report
- EPPO responsible for investigating and prosecuting crimes against EU financial interests
- EPPO launched 1,371 investigations in 2023
- KPMG predicts increase in e-invoicing and digital reporting mandates to combat VAT fraud
- Italy, Belgium, France, Poland, and Spain planning to introduce e-invoicing mandates
- European Council considering proposal for EU-wide e-invoicing mechanism for VAT compliance
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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