In principle, a company that does not submit invoices to its tax advisor accepts the high risk of paying too little tax. As a result, the company risks a misdemeanor fine.
A BV always provides its administration in the form of an Excel sheet to its adviser. The company does not provide the underlying invoices. Based on the supplied sheets, the consultant prepares the turnover tax and corporation tax returns. After a due diligence, it appears that not all turnover has been accounted for in the sheets. The inspector imposes fines for this. For corporation tax the fines are 50% for intent and for turnover tax 25% for gross negligence.
Source Taxence
Latest Posts in "Netherlands"
- ViDA E‑Invoicing and Digital Reporting in the Netherlands: Strategic Choices and Phased Timeline to 2032
- Netherlands announces changes to non-EU VAT refund scheme as of 1 April 2026
- Court Upholds VAT Assessments and Lawfulness of Risk Selection Model
- Court Upholds Tax Assessments and Fines Based on Automated Risk Model ‘OB Negatief’
- EY Recommends Broad E-Invoicing and Digital VAT Reporting Implementation in the Netherlands
