Serbia arrests two suspects in 9 million dinar tax fraud case

Serbian authorities have arrested two individuals, identified as M. N. (46) and A. M. (46), in connection with a tax fraud and money laundering scheme. The operation was conducted by the Ministry of Internal Affairs' Anti-Corruption Service and the Tax Police, in coordination with the Special Department for Combating Corruption of the Higher Public Prosecutor's Office in Novi Sad.

According to investigators, between December 20, 2024, and July 22, 2025, several individuals used their companies to issue fictitious invoices totaling 29,000,000 dinars to a business managed by M. N. and A. M. The funds were subsequently transferred to the personal account of N. K. (33), the beneficial owner of the companies issuing the fake invoices. N. K. allegedly withdrew the money to evade value-added tax (VAT) and profit tax.

The scheme is estimated to have caused 9,000,000 dinars in damages to the Serbian state budget. In addition to the two arrested, several others are facing criminal charges, including N. K. (33), who is currently in custody. Police are actively searching for two additional suspects involved in the case.