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Netherlands Clarifies COVID-19 VAT Concessions

by Ulrika Lomas, Tax-News.com, Brussels

28 May 2020


On May 25, 2020, the Dutch tax authority said that taxpayers receiving assessment notices for not submitting a value-added tax return on time can apply for a three-month filing extension.

The tax authority said that taxpayers who have not yet applied for a VAT deferral but wish to do so can make such a request upon receipt of a VAT assessment notice.

The tax authority also clarified that taxpayers do not need to pay the fine associated with the assessment notice.

This follows that Government's announcement on May 20 that businesses affected by the health crisis can request to extend payment deadlines to September 1, 2020. Under the measures, default penalties will not need to be paid in cases where extensions are approved, while interest on overdue taxes will be reduced to 0.01 percent until October 1, 2020.

TAGS: tax | business | value added tax (VAT) | Netherlands | interest | tax authority | penalties

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