2014, no. 3

CAROUSEL FRAUD PHENOMEN ON VALUE ADDED TAX

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Authors:  
Ivan LUCHIAN, PhD, Associate Professor, International Institute of Management IMI-NOVA

Carousel fraud, which is also called missing trader fraud, occurs when an individual or company imports goods from a country without the value added tax and then sells those goods to domestic buyers and charges them the VAT. The sellers then disappear without paying the VAT that they collected [3]. Nowadays, this type of VAT fraud is the one of the main preoccupation of European Union. Taking to account European aspiration of Republic of Moldova, this topic presents scientific interest and fundamental subject of this article.

Keywords:  
Value Added Tax, carousel fraud, trader.