The Public Prosecutor’s Office demanded prison sentences of up to five years at the Almelo District Court in a case in which seven men and two companies were sued for organised VAT carousel fraud and the laundering of half a billion euros’ worth of revenue from it. According to the judiciary, the suspects were presumably involved in the deliberate misrepresentation of VAT returns and forgery by setting up a fictitious trade flow.
Source: accountancyvanmorgen.nl
Latest Posts in "Netherlands"
- No Reduced VAT Rate for Photo Mosaics and Contour Collages, Court Rules
- Netherlands 2026 Tax Plan: Overview of Major VAT Changes
- Tax Plan 2026: Reduced VAT Rate for Culture, Media, and Sports Retained
- No Reduced VAT Rate for Nightclub Entry Fees with DJ Performances, Court Rules
- Proposed VAT Revision Rules for Renovation Services Starting 2026: Key Changes and Implications
