EU Will Limit Tax Data Disclosure to Advance VAT Anti-Fraud Bill

EU countries are poised to approve a bill giving the bloc’s anti-fraud agencies access to tax data after amendments were added to ensure privacy rules.

The amended text, dated April 17 and seen by Bloomberg, would limit the agencies’ access to “targeted searches on a case-by-case basis” and prohibit them from conducting broad and overly demanding searches.

The bill would give the EU’s anti-fraud office, known as OLAF, and the European Public Prosecutor’s Office, or EPPO, access to value-added tax information to conduct investigations.

Cyprus, which holds the EU’s rotating presidency and is responsible for shepherding bills through the legislative ...