Precious stone dealers face stiff punishment for VAT fraud

THE INVESTIGATOR of the National Criminal Agency has charged three people with tax fraud. According to him, the accused were illegally claiming VAT refunds. They now face seven to 12 years in prison, the TASR newswire reported on August 27.

THE INVESTIGATOR of the National Criminal Agency has charged three people with tax fraud. According to him, the accused were illegally claiming VAT refunds. They now face seven to 12 years in prison, the TASR newswire reported on August 27.

The police identified the culprits as Matej B. (39), Pavol P. (40) and Garik V. (41) who operated in Bratislava Region. The fraud involved unauthorised claims for VAT refunds.

They reportedly created a chain of companies that were connected through specific people or properties. The firms declared they were trading gemstones, for which they created fake accounting documents. They subsequently asked for VAT refunds worth €580,000, which they received from the tax offices, according to TASR.

The police then set up an operation during which they detained the three men and seized documents and computers. The materials are now being inspected by experts in electronics, finance and precious stones.

The police proposed to prosecute two of the men in custody, but the judge turned down their request, TASR wrote.

Source: TASR

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

School leaving exams draw flood of complaints

DESPITE an outcry from students and schools in the wake of the written section of the school leaving exams, authorities claim that the tests were not significantly more difficult than they have been in the past.  

Blog: Customer service experience in Bratislava

LIVING in Bratislava I have heard many stories about the lack of customer service in the city. Many of them I consider are due to cultural differences, but there are a few horror stories that make me wonder if there…

Changes to temporary employment are also seen as controversial.

Controversial legislation adopted in 2014

Temporary employment, Civil Code amendment, changes to the Income Tax Act, the Commercial Code, and the Collective Bargaining Act

Prime Minister Robert Fico

Ousted hospital chief spurs questions about who runs hospitals

FEW expected Žilina Faculty Hospital Director Štefan Volák to resign March 21 in the wake of a mass walkout by doctors and nurses, but he did and hospital’s troubles have entered a new phase.