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Tax Authority Launches Investigation Into Billion-forint VAT Fraud

MTI-Hungary Today 2021.05.06.

A group of fraudsters in Fejér County has evaded paying VAT totalling one billion forints (EUR 2.8 million) through violating European tax laws, national tax authority NAV reported on Thursday.

The authorities have apprehended and questioned 11 suspects of the group and arrested four of them, NAV said, adding that the suspects could face up to 20 years in prison.

According to the investigation, the group imported photovoltaic systems and used fictitious invoices through a chain of companies.

Fidesz MP Simonka's Immunity Suspended Once Again
Fidesz MP Simonka's Immunity Suspended Once Again

Fidesz lawmaker György Simonka’s immunity has been suspended once again, following yesterday’s vote in the National Assembly. This time he will undergo proceedings for the bribery attempt of two individuals involved in a tax fraud case for which he has been facing trial. He still denies all of the charges. Simonka had to renounce his […]Continue reading

The crackdown on the gang involved several hundred police officers at 30 locations, NAV said, adding that they had seized cars, coins, stock, and cash, while they also froze assets of properties and bank accounts.

featured image illustration via Péter Komka/MTI