Financial authority uncovers VAT fraud on soft drinks worth over €543,000, linked companies from eastern Slovakia and Poland involved
During inspections of soft drink sales, financial officials discovered unauthorised VAT deductions. Suspect entities had links to eastern Slovakia and Poland.
Financial authority uncovers VAT fraud on soft drinks worth over €543,000, linked companies from eastern Slovakia and Poland involved
Controllers of the financial authority, while investigating trade in soft drinks, uncovered illegal conduct that caused damage to the state exceeding €543,000. Suspicion points towards linked companies operating in eastern Slovakia and Poland, according to Aktuality.sk.
During inspections of retail chains, financial officials discovered unauthorised value added tax deductions. The suspect entities used fictitious trade flows between registered companies in eastern Slovakia and neighbouring Poland. The aim was to reduce the tax burden in an unlawful manner.
The fraud concerned the sale of soft drinks. The exact mechanism and number of companies involved remain unknown for now. The financial authority is investigating the case in cooperation with criminal proceedings bodies.
This type of tax fraud is among the common forms of economic crime, in which perpetrators exploit chains of fictitious invoices and linked entities in various countries.
Source: Google News SK — Crime (sk)