Imprisonment up to 15 Years for VAT Fraud in Romania
Romania has published Law No. 125 of 19 May 2023 in the Official Gazette, which transposes Article 3(2)(d) of Directive (EU) 2017/1371 on the fight against fraud to the Union's financial interests by means of criminal law. The law provides for the introduction of a criminal offense punishable by imprisonment of 7 to 15 years and the prohibition of the exercise of certain rights for any action…
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