- The European Public Prosecutor’s Office (EPPO) announced the conviction of five individuals by the Munich Regional Court for organized VAT fraud linked to the trading of Covid-19 tests, resulting in an estimated VAT loss of around €14 million.
- The defendants were involved in a cross-border VAT carousel fraud scheme, exploiting EU rules that allow for VAT exemptions on cross-border transactions between Member States.
- Following arrests made during investigations in Germany, Italy, and Spain, the leader of the criminal organization received a six-year prison sentence, while the others were sentenced to various terms ranging from two years and six months to four years and three months.
Source: etaf.tax
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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