- Starting January 1, 2025, entrepreneurs must submit VAT corrections through a supplement within eight weeks of identifying the need
- This new stricter deadline clarifies the penalty rules in the VAT Implementation Decree which previously stated corrections must be made as soon as possible
- The change follows a court ruling that diminished the urgency for immediate correction, allowing some entrepreneurs to delay action after identifying VAT liabilities
- The government aims to prevent delays in corrections as these cannot currently be penalized
- The VAT Implementation Decree maintains that corrections should be made before the taxpayer knows or should suspect that the tax inspector will discover the inaccuracies
- If intentional or gross negligence is suspected, a penalty of 100 percent of the unpaid VAT can be imposed
- The eight-week period does not start until January 1, 2025, giving entrepreneurs time to comply without immediate penalties
Source: taxlive.nl
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.
