- Germany’s EPPO secured five convictions in a VAT fraud case involving Covid-19 tests
- The Munich Regional Court found the individuals guilty of organizing a VAT carousel fraud
- The fraud resulted in a VAT loss estimated at 14 million euros
- The criminal scheme exploited EU rules on cross-border transactions which are VAT exempt
- Arrests were made last year in Germany, Italy, and Spain with the help of Italian Financial Police
- Sentences ranged from two years and six months to six years of imprisonment
- The EPPO acts as the EU’s independent public prosecution office focusing on protecting the EU’s financial interests
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.
