EU Commission Welcomes Court of Auditors’ Report on VAT Fraud

• European Commission welcomes European Court of Auditors special report on VAT fraud on imports
• Report highlights need for improved protection of EU financial interests
• Commission acknowledges significance of issue and outlines measures taken to combat VAT fraud
• Commission agrees with ECA recommendations to strengthen regulatory framework for simplified import customs procedures
• Commission committed to working closely with Member States to implement measures and continue monitoring and analyzing regulatory framework
• Commission aims to better protect EU financial interests and ensure a fair and competitive business environment

Source: taxation-customs.ec.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.

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