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VAT Fraud Scheme with 3 Mln Euro Damage, Tirana Prosecution Investigates Fictitious Entities

Prosecutor’s Office of Tirana has launched Wednesday investigations into 13 entities with various activities in the capital, as it is suspected that through a VAT fraud scheme they have caused the state an economic damage of over 3 million EUR.

Fictitious invoices were issued and were directly injected to the commercial companies operating in different fields, in the value of ALL 1,257,082,590, thus causing a financial loss in VAT and Profit Tax to the state, approximately ALL 300,000,000.

Source: Albanian Daily News

 

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