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Tax treatment of additional royalties for past copyright licenses under VAT law (BFH XI. Senate)

  • DIAN and the Attorney General’s Office are working together to start collecting overdue obligations
  • 1,500 delinquent taxpayers have been summoned for not paying their tax obligations
  • The total amount of uncollected funds is $1.2 trillion
  • Failure to pay tax obligations can lead to criminal charges under the Penal Code
  • Penalties for non-payment include prison time and fines
  • Taxpayers are urged to respond promptly to avoid legal consequences
  • Payment agreements or full settlement of debts are recommended to avoid criminal charges and financial penalties

Source: bundesfinanzhof.de

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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