Who are the biggest tax debtors?

Single-use companies laundered millions of euros.

Stock image.Stock image. (Source: SME - Jozef Jakubčo)

No website, usually a foreign owner, and there is pretty much no way to get in touch with them. Despite this, such companies generated sales in the tens to hundreds of millions of euros in Slovakia.

SkryťTurn off ads
Article continues after video advertisement
SkryťTurn off ads
Article continues after video advertisement

However, there is a "but", and that is the suspicion that some Slovak companies functioned as a dirty money launderer or a means of obtaining VAT refunds.

Index magazine, The Slovak Spectator's sister publication, looked at the stories of the ten biggest defaulters of the Financial Administration, Slovakia's supreme tax authority. In addition to large debts, they are also linked to several uncertainties and questions.

SkryťTurn off ads

10. Venas

Arrears: €16.7 million
Headquarters: Prešov
Business area: Agricultural commodities trade

There is a rich history behind the company, founded in 2001 and long-time businessman Peter Vesprémy involved in it for a long time. At first, Venas traded in agrarian commodities and grew cereal crops; later it started to process them and produce biofuels.

In its prime, Venas had annual revenues of around €44 million, which started to decline from 2013. It became clear that the company did not pass Financial Administration inspections. According to their later findings, the company was supposed to create conditions for the application of fictitious VAT returns.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

Ernst Willers – Greek Sea, after 1870, Ernest Zmeták Art Gallery in Nové Zámky, GNZ

Weekend: A trip to the sea...in art

Bodies of water in art, summer markets and foreign movie nights. Here's what to do for the weekend of June 9 -11.

9. jun
Vrakuňa’s citizens presented apples washed in water with leaked toxins at the protest in 2016.

Chemical time bomb in Bratislava’s Vrakuňa keeps ticking

The state is failing to solve leaking chemical waste dump.

31. may
Jupiter (centre) and its Galilean moons: from left Ganymede, Io, Europa and Callisto. Juice with deployed antennas and arrays is in the bottom right.

From Košice to Ganymede: Slovak engineers are leaving their mark in space

Slovaks are active participants in two ongoing space missions.

20. may
The future of safer abortion in Slovakia is still unknown.

News digest: Health minister ponders politically fraught abortion pill decision

Summer in Bratislava, the future of stores, and the general prosecutor objects to a sentencing decision.

9. jun
SkryťClose ad