There are "clear indications" of fraudulent activity in the Dutch carbon emissions market, the Dutch ministry of finance said regarding its decision on Tuesday to take steps to prevent value-added tax (VAT) fraud.
"Specifically carousel fraud, where the booked turnover tax is not paid but nevertheless deducted from tax in the tax return," the ministry said on its website.
To prevent possible fraud, the carbon permit buyer, instead of the seller, will pay VAT from Wednesday.
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