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Netherlands Abolishes Default Penalty for Voluntary Corrections

|Approved Changes|Netherlands
Netherlands

According to recent reports, the Dutch Tax Authorities Administrative Fines Decree has been amended with effect from 2 June 2023, including changes in regard to voluntary corrections of a return. Previously, a voluntary correction could result in the imposition of a default penalty of 5%, unless the supplementary amount from the correction was less than 10% of the original tax amount, or the am…

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