- Seven individuals arrested in Italy for €18 million VAT fraud involving beverages
- Italian Financial Police executed freezing order on bank accounts and assets
- Three suspects in pre-trial detention, others under house arrest
- Suspected criminal organization in beverage trading based in Foggia
- Fraudulent tactics included fake invoices and fictitious transactions
- VAT losses amounting to €18 million
- Important distributors invoiced millions of euro every year
- EPPO responsible for investigating and prosecuting crimes against EU financial interests
Source: eppo.europa.eu
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.
Latest Posts in "Italy"
- Impact of Invoicing Without Payment: Understanding the Principle of VAT Formality
- Deadline Extended for Issuing Credit Notes in Insolvency Proceedings, Clarifies Italian Tax Agency
- Cultural Services Exempt from Taxation: Guided Tours Qualify, Bridge Crossing Does Not
- Delays in Contracts: Payments to Contractors Subject to VAT, Not Compensation
- Italian Tax Agency Confirms Exclusion of Asset Sales from VAT Deduction Pro Rata Calculation
