Brescia Tax Fraud Leads to 346 Business Closures and €41 Million Transferred

Brescia Guardia di Finanza seizes 346 VAT numbers amid tax fraud investigations

Italian authorities have proposed the termination of 346 VAT numbers following an investigation into tax fraud and organized crime facilitation in Brescia. The operation, coordinated by the provincial Tax Agency and carried out by the Brescia Financial Police and Rovato Company, uncovered a Chinese national listed as the tax representative for 295 foreign companies registered at a single Brescia address, with immediate VAT cessations requested.

The investigation revealed over €41 million transferred through fake accounting documents to 15 shell companies, with subsequent transfers to China and cash withdrawals linked to the Chinese community. Additionally, 51 companies involved in issuing fake invoices totaling over €250 million and suspected of fake labor intermediation were proposed for shutdown.
Italian Version