EPPO Uncovers €2.6 Million VAT Fraud Ring in Electronic Goods Trade

• EPPO led 16 searches in France, Germany, Italy, and Poland in a VAT fraud investigation involving trade in small electronic goods.
• Three suspects are believed to have worked with a criminal network linked to EPPO’s Goliath and Midas cases, using cross-border company structures to hide fraud.
• The scheme allegedly involved false or incomplete VAT reporting, with a German company failing to declare VAT on imported goods and payments routed through Swedish missing trader companies.
• Investigators say the fraud caused more than €2.6 million in VAT losses.
• Business records and electronic devices were seized, with support from tax and law-enforcement agencies across several countries and Europol.

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.

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