Chinese Imports Fuel Massive VAT Fraud in Belgium

• Belgium loses 611 million euros to VAT fraud on Chinese imports.
• Fraud is linked to organized crime and fake companies.
• Criminals use fake companies with VAT numbers to evade tax.
• They also falsely declare another EU country as the final destination to avoid VAT.
• Goods include electronics, toys, and clothing.
• VAT fraud fuels organized crime and floods the market with unsafe products.
• Belgium has only 3,200 customs officers to manage a sharp increase in import declarations.
• EPPO calls for more resources and investigators to curb the growing financial crime.

Source: belganewsagency.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.

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