"Hidden Value": 2.2 million fraud in Aveiro

The Portuguese Tax and Customs Authority has charged seven individuals in Aveiro and Ílhavo for tax fraud in the construction sector. This follows a series of searches and seizures related to the concealment of actual sale prices of properties to evade taxes. The investigation, led by the Aveiro Department of Investigation and Criminal Action, uncovered a fraudulent scheme involving the collaboration of buyers to hide part of the property value, potentially exceeding 1.2 million euros in unpaid taxes. Additionally, there are indications of simulated operations among companies to disguise taxable services. The operation, named "Hidden Value," involved 114 officials, including tax inspectors and police agents, and resulted in the seizure of various electronic devices and documentation relevant to the case.