NAV has cracked down on fraudsters with basic foodstuffs
A criminal organization involved in the sale of basic foodstuffs avoided its VAT obligation by using fictitious invoicing chains, which caused HUF 4.5 billion damage to the budget, the Central Hungarian Criminal Directorate of the National Tax and Customs Administration (NAV) told MTI on Thursday.
They wrote: a criminal organization was raided at the same time in 60 locations across the country, whose members profited by selling basic foodstuffs – mainly cooking oil, sugar, coffee and cheese. They avoided the VAT payment obligation for products purchased from the Czech Republic, Slovakia, Poland, Croatia and Bulgaria and placed on the Hungarian market by building fictitious invoicing chains, which caused about HUF 4.5 billion in damage to the budget, they added.
Related news
Online shopping scams: a cautionary case about Kockabolygó and Kockaváros
Online shopping has become increasingly challenging in recent years due…
Read more >NAV Audit Trends in 2024: Lessons and Focus Areas of Transfer Pricing Data Provision
The regulatory and practical challenges of transfer pricing were analyzed…
Read more >Another scam is spreading – fraudsters are misusing the names of law firms
In recent weeks, many companies have come under a new…
Read more >Related news
Penny’s ‘Markthalle’ discount concept in Germany
Penny’s marketplace concept in Germany is an evolutionary step towards…
Read more >The majority of Hungarians spend less than 50 thousand forints on Christmas gifts, sustainability is an important aspect, but not the primary one
Gift-giving is an essential holiday tradition, but what really matters…
Read more >Rossmann ended the year with charity
This year, Rossmann Hungary also provided support to many needy…
Read more >