- EPPO carried out 25 searches and other investigative measures in six countries
- The investigation is targeting a suspected €19 million VAT fraud involving second-hand mobile phones
- The fraud involves companies applying reduced VAT to the sale of imported mobile phones to increase profits
- Several bank accounts were frozen and cash and cryptocurrency were seized during the searches
- Four suspects are under investigation for defrauding tax authorities in Bulgaria, Germany, and Slovenia
- The suspects set up a chain of companies to fraudulently avoid paying VAT on imported smartphones
- The companies involved are located in Bulgaria, Germany, and Slovenia
- The suspects are accused of defrauding VAT payments with an estimated damage of at least €19 million
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.
