VAT Fraud Uncovered: Luxury Used Cars Sold via Bulgarian Shell Company to Evade Greek Tax

• The Greek tax authority (AADE) uncovered a VAT fraud scheme involving luxury used cars and a Bulgarian shell company.
• Greek car dealers collaborated with the Bulgarian company to avoid paying VAT during vehicle importation into Greece.
• The Bulgarian company falsely invoiced cars under a margin scheme, misleading Greek authorities and enabling VAT evasion.
• So far, 19 luxury vehicles worth over €885,000 have been identified, with VAT losses exceeding €212,000.
• The investigation is ongoing, with further cases suspected and all digital and audit tools being utilized.

Source: taxheaven.gr

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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