The Danish Tax Agency’s crackdown on value added tax evasion appears to be paying off, with the bulk of controls last year finding errors or fraud and leading to billions in adjustments.
The agency announced Thursday that 87 percent of controls against so-called “VAT carousels'—a form of manipulating value added tax rules to dodge taxes—resulted in the discovery of errors or fraud in 2023.
The crackdown issued charges for a total 2.5 billion in danish kroners since 2018, the release said.
- Currently, VAT is not immediately applied to business-to-business transactions of goods between European Unions member states.
- Tax ...
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