Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria embroiled in world VAT fraud scheme uncovered by the European Public Prosecutor's Office

Photo: European Parliament

The European Public Prosecutor's Office (EPPO) has uncovered a massiveVAT fraud scheme involving all 22 countries members of the EPPO, including Bulgaria, but also non-EU countries such as Albania, China, Serbia, Singapore, Switzerland, Turkey, UK and USA.  The operation, dubbed “Admiral”, was launched against the biggest cross-border VAT fraud scheme ever investigated in the EU worth over EUR 2.2 billion.

The investigation started in April 2021 in Portugal, when the tax authorities in Coimbra probed a company selling mobile phones, tablets and other electronic devices, on suspicion of VAT fraud, and asked for the EPPO’s help. The probe established connections with over 9,000 other legal entities, and more than 600 natural persons.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Temperatures mark slight rise

During the night, the sky will be clear over most of the country. In the Danube plain, there will be weak wind from the northwest. Saturday will be mostly sunny. In the afternoon, cumulus clouds will develop over the eastern..

published on 7/26/24 6:50 PM

MPs vote in favour of Bulgaria joining the euro zone on 1 July 2025.

114 MPs from GERB-CDF, We Continue the Change - Democratic Bulgaria, DPS and 10 independents supported the government's bill on the introduction of the euro in Bulgaria in the first reading .  The bill stipulates that both currencies - the lev and the..

published on 7/26/24 6:20 PM

The Constitutional Court annuls recent judicial reforms and keeps the new caretaker cabinet

The Constitutional Court declared unconstitutional and invalid most of the changes to the Constitution voted by the 49th National Assembly at the end of 2023. The case was initiated at the request of President Rumen Radev and 48 MPs...

published on 7/26/24 3:39 PM