- 5 Dec 2013 8:00 AM
The suspects created an invoice ring, under which invoices were issued by companies which did not conduct any real business and which displayed a price inclusive of VAT, without actually paying it.
The damage caused to the state is estimated at 430 million forints (EUR 1.4m). The culprits face a prison sentence of 2-8 years, if found guilty of tax fraud.
The tax office has recently been accused by a former employee of looking the other way when it comes to investigating suspected tax avoidance by large companies.
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