- The EPPO and Italian Financial Police seized over €32 million in assets from five companies suspected of large-scale VAT carousel fraud in Italy’s IT sector.
- The fraud involved shell companies in Italy and several EU countries, simulating transactions to create fake VAT credits and reduce tax liabilities.
- Invoices for non-existent transactions exceeded €500 million, with goods often never physically moved.
- The investigation targets a criminal network of 64 suspects, mainly in Naples, specializing in intra-EU VAT fraud in electronics and printer consumables.
- All suspects are presumed innocent until proven guilty.
Source: eppo.europa.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.
Latest Posts in "Italy"
- Agenzia delle Entrate activates POS–RT linkage service and publishes operational guidance
- Italy Decides to Defer Low‑Value Import Measures and Clarify VAT Rules for Barter Transactions
- Italian Supreme Court Clarifies VAT Rights for Non-Operating Companies and Updates Reporting Requirements
- VAT Refunds Allowed for Renovations on Third-Party Assets Used in Business Activities
- Optional Transitional VAT Regime for Logistics Sector Reflected in 2026 Italian VAT Return
