New forms are now being made in accordance with changes to the new bill that has been put into consultation by the financial staff, but also penalties for taxpayers who do not comply with the rules. Therefore, taxpayers and accountants – tax technicians, when completing tax returns, should avoid falling into four specific infringements, thereby avoiding being charged with fines. Specifically: 1. Where the tax declaration is inaccurate and the amount of the tax resulting from the tax declaration falls below the amount of the tax resulting from a correctional determination made by the Tax Administration, the taxpayer shall be subject to a fine on the difference resulting from the payment as follows: 10% of the difference if that amount amounts to 5% to 20% of the tax resulting from the tax declaration, 25% of the difference if that amount exceeds 20% and amounts to up to 50% of the tax amount resulting from the tax declaration, 50% of the difference if that amount exceeds 50% of the tax resulting from the tax declaration. 2. Especially for inaccurate VAT declarations or withholding tax declarations, a fine equal to fifty percent (50%) is imposed on the difference. 3. System taxpayers who submit an inaccurate declaration of possession, acquisition, change and shutdown POS shall be fined EUR 500. 4. Taxable persons who submit an inaccurate declaration of property data (E9) shall be fined EUR 100. In the event of reporting property data for more than one year, a single fine shall be imposed if the same changes are repeated. No fine shall be imposed on the Single Property Tax Declarations – instruments of tax determination, which are composed by the Tax Administration.
Tax returns: When will taxpayers be charged with fines
—