Next to the already announced reimbursement of value-added tax (VAT) credit balances below €10,000 and the possibility for enterprises to be granted up to €500,000 in the form of a recoverable advance, the following measures have been announced:
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The Indirect Tax Administration announced that due to COVID-19, the failure to file VAT returns within the normally applicable deadlines will not be fined. This measure will apply until further notice.
Source: EY
