- Two suspects were arrested in Munich, Germany for a VAT fraud case involving 32 million euros
- The fraud involved cross-border transactions of mobile phones within the EU, exploiting VAT exemption rules
- A German company failed to record mobile phone sales, with phones being sold off the books by Austrian and Dutch sellers
- The suspects allegedly sent 230,000 euros in cash every two weeks from 2020 to 2023
- Arrests were made in Vienna with support from local tax investigation offices
- Suspects are considered innocent until proven guilty in German courts
- The European Public Prosecutor’s Office, an independent EU body, is handling the investigation and prosecution
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.
