The Netherlands’ Fiscal Information and Investigation Service (FIOD) searched an occupied business premises in Eindhoven in a collaborative effort alongside ISZW, OM and Customs. The authorities arrested one person for questioning. They also seized administration and digital data carriers.
The authorities suspected a large-scale VAT fraud, money laundering operation and wrongful use of the NOW subsidy. The financial criminals committed VAT fraud by filing incorrect sales tax returns on behalf of various companies. They further submitted false invoices to the tax authorities to support their fraudulent tax filing.
In this manner, the criminals were able to request tax refund of over 10 million euros ($11.9m). Of this amount, the treasury has refunded and lost around 1 million euros ($1.2m).
Source: Fiscal Information and Investigation Service, Netherlands