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Tuesday, February 7, 2023
HomeEconomyOnline store sold shoes worth 2.8 million euros without issuing receipts

Online store sold shoes worth 2.8 million euros without issuing receipts

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The auditors are now reviewing the corresponding figures for 2019, but also for 2020 and 2021, years when e-commerce grew dramatically, also due to the coronavirus pandemic.

Another method of tax evasion, this time in retail, was detected by the auditors of the Independent Public Revenue Authority. These are products that are sold through a known platform, which hosts online stores selling various items, and then sent to buyers, via courier companies.

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Through the targeted checks they carry out every day, and using the special risk analysis algorithm, which detects suspicious tax behaviours, AADE’s auditors did the following:

First, they identified a company that sells footwear online, and is based in Ilion, Attica.

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Secondly, they requested and received data from two major courier companies and the well-known digital platform.

Thirdly, they examined the movements of the company’s bank accounts and books.

fourth, comparing all these figures, they found that for three years – 2016, 2017 and 2018 – the company had not issued receipts worth 2.8 million euros. That is, he collected, but never paid, VAT of 542,000 euros, plus income tax, which he never paid for this turnover. In fact, out of the three years, more than half of the undeclared turnover (54%) comes from 2018.

The auditors are now reviewing the corresponding figures for 2019, but also for 2020 and 2021, years when e-commerce grew dramatically, also due to the coronavirus pandemic.

RES-EMP

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