Agreement Among Finance Ministers to Combat VAT Fraud
May 6, 2026
The Ecofin Council discussed enhancing cooperation among EU member states to combat VAT fraud. This fraud, known as missing trader and carousel fraud, costs billions of euros annually. Finance Minister Makis Keraunos stated that immediate actions are needed to protect revenues. The new regulations will facilitate faster access to information for investigations and prosecutions. The aim is to digitize VAT reporting processes by 2030.