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ECJ allows proportional VAT fines
| Publications | Tax
The EU VAT & Customs Service Line has prepared an alert about the recent ruling by the European Court of Justice (ECJ) that has shed light on the issue of proportional fines for underpaid VAT in Belgium
Andersen’s VAT & Customs practice in Europe analyzed the recent ruling by the European Court of Justice (ECJ) that has shed light on the issue of proportional fines for underpaid VAT in Belgium.
The ECJ emphasized that fines should not exceed what is necessary for tax collection and fraud prevention, placing great importance on fiscal neutrality and the deduction of input tax. This decision serves as a stark reminder of the severity of penalties for non-compliance with VAT regulations, making it crucial for companies to stay informed and ensure compliance to avoid potential fines.
You can read the full article here.
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