- The European Public Prosecutor’s Office (EPPO) uncovered a EUR 187 million VAT fraud scheme in the electronics trade involving Czech-based companies.
- Seven people were charged after coordinated raids in Czechia, Poland, and Slovakia; six are in custody and one is on probation.
- The scheme involved importing electronics into the EU and falsely declaring sales to shell companies in other EU countries.
- Authorities seized assets worth EUR 1.6 million, including real estate, luxury watches, and cash.
- The case highlights the importance of cross-border enforcement in combating large-scale VAT fraud within the EU.
Source: vatabout.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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