- The European Public Prosecutor’s Office conducted over 80 searches in Bulgaria related to a €13 million VAT fraud investigation.
- Six Bulgarian citizens were detained, and searches took place in nine cities, with evidence including documents, mobile phones, gold coins, and over €255,000 in cash seized.
- The criminal network, active since 2019, used a “VAT carousel” scheme exploiting EU rules on cross-border VAT-exempt transactions.
- More than 60 companies in Bulgaria, Greece, and Romania were involved, declaring fake transactions to claim unlawful VAT refunds.
- The schemes included fictitious trade in animal feed (over €51 million turnover) and fake deliveries in the construction sector.
Source: bta.bg
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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