Economy
VAT carousel: 700 PJ inspectors on the streets and dozens arrested in millionaire fraud
The Polícia Judiciária and the Tax Authority are conducting a major operation involving over 1,000 inspectors across Portugal to dismantle a criminal scheme involving VAT fraud, money laundering, and criminal association. The scheme, which involved simulated sales of mobile phones between EU companies to evade VAT or obtain fraudulent reimbursements, has allegedly caused over 100 million euros in damages to the public treasury.
Why it mattersThis is a large-scale law enforcement action against systemic tax fraud, which highlights the continued focus of authorities on cracking down on VAT evasion schemes that impact public finances.
CNN Portugal
