- The Amsterdam District Court addressed a significant VAT carousel fraud case, with the Public Prosecutor’s Office seeking prison sentences of up to 3 years for five individuals involved, primarily the de facto managers of Dutch companies connected to the scheme.
- A criminal organization based in England and America orchestrated the fraud across multiple European countries, using legitimate telecom companies that paid 7.7 million euros in VAT for non-existent call minutes, while the involved Dutch companies misfiled tax returns and committed forgery.
- The fraudulent VAT funds were ultimately funneled to the American company VoIP Guardian Partners LLC, prompting the Tax and Customs Administration to implement a reverse charge mechanism in mid-2017 to prevent VAT charging and reclaiming among the parties involved.
Source Taxlive
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