- Corrections to VAT returns must be made in the following return if not submitted within the legal deadline
- Failure to submit a return within three months will result in a minimum VAT liability of 2,100 EUR
- Authorities have one month to respond to information requests, which may be shortened to 10 days in certain situations
- Progressive penalties of 5%, 10%, and 15% for late VAT payments with no tolerance
- Monthly refund requests for VAT deductions over 50 EUR from returns filed in the last six months
- New bank account numbers for VAT payments from May 1, 2025
- Increased controls by authorities to ensure VAT compliance
- Introduction of a VAT reserve account for monitoring outstanding balances and payments made on behalf of the taxpayer
Source: eurofiscalis.com
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.
