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EPPO Secures Convictions in €14M COVID-19 Test VAT Fraud Case

  • 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.

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