- EU member states have reached a preliminary agreement to intensify cooperation against VAT fraud, giving EPPO and OLAF direct access to crucial cross-border VAT data.
- The new measures aim to speed up and better coordinate investigations, especially targeting cross-border fraud like carousel fraud.
- VAT fraud causes significant financial losses, estimated at €12.5–32.8 billion annually, mainly due to organized crime.
- The agreement should help authorities act faster and create a fairer market for legitimate businesses, with full digitalization of cross-border B2B VAT reporting by 2030.
- The regulation still requires advice from the European Parliament (expected July 2026) and final approval by the European Council before coming into force.
Source: accountancyvanmorgen.nl
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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