Young Entrepreneurs Forget VAT Declaration Twice as Often, Risking Fines from Tax Authorities.

• Young entrepreneurs forget VAT returns more than twice as often
• Tax authorities say one in ten young entrepreneurs forget VAT returns
• Penalty may follow if VAT return is not filed on time

Source: fiscaalvanmorgen.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.