Slovakia Financial Administration reports record tax crime detections

The Slovak Financial Administration and the Criminal Fiscal Administration (KÚFS) reported a record increase in detected tax and economic crime last year. The Financial Administration filed a total of 1,364 criminal complaints, marking the highest number in a three-year period.

KÚFS investigated serious cases resulting in damages to the state budget exceeding 771.5 million euros. Additionally, the value of assets seized in criminal proceedings increased nearly fivefold compared to 2023. KÚFS itself filed 99 criminal complaints last year, up from 54 the previous year.

Financial Administration President Jozef Kiss stated that authorities are using all available tools to identify and document fraud. He noted a significant rise in international cooperation, with international requests increasing from 297 in 2024 to 1,032 last year, involving partners such as the European Commission, OLAF, and Europol.

Domestic efforts are being bolstered by the ‘Tax Shield,’ a joint expert team between the Financial Administration and the Police Force, which is currently documenting cases with potential damages of approximately 42.5 million euros. Furthermore, investigations into e-commerce and online sales identified untaxed income exceeding 47 million euros.