Since 1 January 2015, the right to voluntary disclosure has been substantially tightened by extending the period of adjustment up to 10 years as well as by increasing penalties in accordance with sec. 398a of the German …
Since 1 January 2015, the right to voluntary disclosure has been substantially tightened by extending the period of adjustment up to 10 years as well as by increasing penalties in accordance with sec. 398a of the German General Fiscal Code. There is relief regarding VAT as the previous legal situation is partially set back to resemble the situation prior to the coming into force of the Illegal Earnings Combat Act. It is now once again possible to make several corrections regarding monthly VAT returns. However, this does not apply to annual VAT returns.
Since 1 January 2015, new regulations regarding the German General Fiscal Code and the Introductory Act to the German General Fiscal Code have been implemented. The regulations for a voluntary self-disclosure have again been substantially tightened, albeit partially. However, there is also some necessary relief for companies regarding VAT returns.
Overview of the most important changes:
- “decriminalization“ regarding VAT
- extension of exclusions regarding voluntary self-disclosures
- increase in penalties in accordance with sec. 398a of the German General Fiscal Code
If you need any further information please follow the link: http://www.kmlz.de/en/Newsletter_02_2015
Küffner Maunz Langer Zugmaier
