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Netherlands: Steps to take in case of VAT-payment problems

As a result of the corona crisis, the entrepreneur may experience financial shortages. It is important that the VAT entrepreneur continues his VAT obligations.

For example, the VAT return in the Netherlands must be filed on time. This means no later than the last day of the month after the end of the VAT-period. Also the VAT payment must be received no later than the last day of the month after the end of the VAT-period.

A fine of € 68 is imposed for failure to file a VAT return on time. Also a fine can be imposed if the payment is not on time. The fine for not paying on time is 3% of the VAT amount to be paid.

Actions to be taken in the event of VAT-payment problems in the Netherlands:
1) Submit your VAT Return on time;
2) Report inability to pay within two weeks after the VAT must be paid. This can be done via this form; and
3) After receiving the VAT assessment apply for deferment of payment.

Source: Van Vilsteren BTW Advies – www.btwadvies.com

 

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