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Saxony Reports €176 Million in Tax Evasion Recoveries, Its Highest in 15 Years

The state attributes the record-breaking results to long-term investigations, with calls for more personnel to uncover hidden cases.

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Overview

  • Saxony recovered €176,091,517 in undeclared taxes in 2024, the highest amount in 15 years, according to the state Finance Ministry.
  • The number of tax evasion investigations has declined from 12,062 in 2010 to 8,645 in 2024, but the yield per case has increased significantly.
  • A major success included uncovering nearly €20 million in tax fraud tied to cryptocurrency transactions, highlighting the complexity of recent cases.
  • Saxony collaborates with EU member states on cross-border investigations, particularly targeting VAT fraud and other high-value schemes.
  • Calls to expand investigative staffing persist, with critics arguing that additional personnel would yield greater financial recoveries and address undetected cases.