Greece’s independent public revenues authority this week announced what it called a major ring using software applications to alter cash register and e-transactions, with the purpose of showing lower turnover and sales, naftemporiki.gr reports.
According to the tax authority, some 100 companies were detected after auditors raided an IT firm offering and employing the software, with the total figure concealed calculated at 25 million euros, and corresponding VAT not remitted at six million euros.
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