Police detain VAT fraud specialists

A POLICE investigator has charged 19 people with a value-added tax (VAT) fraud of Sk750 million (€19 million) and with forming a criminal group, the news wire TASR wrote.

Eleven people have been detained, four others are known to be outside Slovakia, and others are at large, the police said.

The group operated through at least 15 companies all around Slovakia, registering them as VAT payers. However, executive agents at the companies were fabricating invoices for purchases that were never made.

The accused also organised cashless transactions among particular companies to create documents aimed to mislead tax authorities.

When tax bodies acknowledged the excessive VAT payment, the companies received at least Sk635 million (€16 million) in refunds, but a second inspection halted the payment of a further Sk121 million (€3 million) to the companies.

The police cooperated with the Customs Directorate and the Central Tax Directorate during the investigation. If convicted, the accused may face up to 12 years in prison.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

The mass testing in Nitra.

News digest: Results from weekend nationwide testing still not out

The parliamentary committee recommends one candidate for new police chief. NASA picks a picture by Slovak photographer as its Astronomy Picture of the Day.

4 h
Gábor Grendel (OĽaNO), Juraj Šeliga (Za Ľudí), and SaS MPs Marian Viskupič and Jana Bittó Cigániková.

Matovič government takes after Smer in lawmaking

The second-largest testing scheme of the whole population is underway in Slovakia. Government says they ordered enough vaccines. Layoffs of transnationals in Bratislava.

9 h
PM Igor Matovič (front) and Economy Minister Richard Sulík (back)

Hlas is gaining strength, along with Sulík’s SaS

At the same time, most people think PM Matovič is not managing the coronavirus crisis well.

11 h
US President Joe Biden

Biden really is waking up each morning with the goal of making things better

The new president is old and imperfect, but it's difficult to question his motives.

24. jan