The three Member States have two months to respond to tax evasion allegations
The European Commission has opened infringement procedures against Cyprus, Greece and Malta for not levying the correct amount of Value Added Tax (VAT) on the provision of yachts. The Commission got much of its information from the “Paradise Papers’” leaks, which it said showed there is widespread evasion of VAT in the yachting sector, facilitated by national rules that do not comply with EU law.
More information: https://plus.ibinews.com/article/vsofOCGjzc/2018/03/09/eu_opens_infringement_procedures_on_cyprus_greece_and_malta_/
EU opens infringement procedures on Cyprus, Greece and Malta over VAT on yac