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Meanings and definitions for MTIC
What does MTIC stand for? What does MTIC mean?
- Missing trader fraud (also called missing trader intra-community or MTIC) and the related carousel fraud is the theft of Value Added Tax (VAT) from a government by organised crime gangs who exploit the way VAT is treated within multi-jurisdictional trading where the movement of goods between jurisdictions is VAT-free.
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