What fines and penalties are issued by the tax authorities for missed VAT returns or late payments? : Global VAT Compliance

What fines and penalties are issued by the tax authorities for missed VAT returns or late payments? Print

Modified on: Tue, 30 Mar, 2021 at 10:33 AM

Penalties and interest charges can be issued for both late submissions and late payments including backdated VAT returns.

The amount of penalty and interest charges differ from each tax authority. Not all Tax Authority enclose general information, and individual cases can differ, so we cannot provide an exact amount in advance, it can be from 5% up to 30%. Please note interest charges will also be added.

It is always better to ensure timely submission and payment.

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What fines and penalties are issued by the tax authorities for missed VAT returns or late payments? Print

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