The Netherlands: Corrective VAT Declarations
On 23 December 2024, the Official Gazette (Issue 441) published an amendment to the Turnover Tax Implementation Decree 1968 (Uitvoeringsbesluit omzetbelasting 1968), specifically addressing corrective VAT returns. Some of the key changes include:Â
Correction of VAT Periods:Â
The amendment modifies Article 15 of the 1968 VAT Implementation Decree, which mandates taxpayers to correct previously reported VAT periods (up to the past five years) once an error is identified that results in overpaid or underpaid VAT.Â
New Timeline for Corrective Returns:Â
The previous requirement to submit corrective VAT returns “as soon as possible” after establishing an error has been replaced by a clear timeline.Â
The new rule stipulates that the corrective return must be submitted “no later than eight weeks after the taxpayer has identified inaccuracies or incompleteness”.Â
New Article – Article 15a:Â
A new article, Article 15a, has been introduced, which specifies that failure to comply with the eight-week deadline for submitting corrective VAT returns will be considered an offence.Â
This violation will be subject to fines and will fall within the statute of limitations (five years after the end of the calendar year in which the tax debt arose or the refund was granted).Â
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