- Belgium loses 611 million euros to VAT fraud on Chinese imports.
- Fraud is linked to organized crime and fake companies.
- Criminals use fake companies with VAT numbers to evade tax.
- They also falsely declare another EU country as the final destination to avoid VAT.
- Goods include electronics, toys, and clothing.
- VAT fraud fuels organized crime and floods the market with unsafe products.
- Belgium has only 3,200 customs officers to manage a sharp increase in import declarations.
- EPPO calls for more resources and investigators to curb the growing financial crime.
Source: belganewsagency.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.
