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Chinese Imports Fuel Massive VAT Fraud in Belgium

  • 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.

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