BELGIUM LOST NEARLY €45 MILLION TO VAT FRAUD IN 2018

The Brussels Times on 7th May reported that carousel fraud in Belgium reached almost €45 million in 2018, rising significantly from last year’s figures.  Initially common in the mobile phone and electronics sector, carousel fraud has extended into other markets and concerns products from as oil, gasoline, and diesel to sugar and meat.

http://www.brusselstimes.com/business/15387/belgium-loses-nearly-€45-million-fiscal-vat-fraud-tax

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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