European network of smuggling with jewelry / ANAF: A company from Neamț harmed the state with 72 million lei

The anti-fraud inspectors from the General Directorate of Fiscal Antifraud (DGAF) discovered the involvement of a company in Neamț County, specialized in jewelry trade, in a chain of fictitious transactions along with three other entities in Italy, Switzerland and Austria.

The network aimed to conceal real transactions with precious metals and to avoid fiscal obligations due to the general consolidated budget of the state.

Moreover, these artificial operations were used to provide the appearance of legality on the origin of significant amounts of precious metals, for the benefit of an Italian economic operator. At the same time, the transactions were used to justify transfers of funds between bank accounts in Italy and Romania.

ANAF inspectors collaborated with authorities in Switzerland and other EU states

In order to reconstruct the real circuit of goods and financial flows, ANAF inspectors have collaborated closely with the tax authorities in Switzerland and other Member States of the European Union, within an international exchange.

The investigations showed that the Romanian company did not record in the accounting and did not declare the VAT and the revenues related to the activity carried out during the period 2023-2024.

In addition, it was found the unjustified withdrawal of important amounts of money from the company's patrimony, by converting them into cryptocurrency using a trading platform, followed by the transfer of amounts to virtual wallets.

As a result of these findings, DGAF estimated additional tax obligations of over 72 million lei, representing unpaid taxes and taxes. The institution started the legal procedures for notifying the criminal prosecution bodies.

Photo source: Dreamstime