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Strengthening Measures to Combat False or Inactive VAT Numbers in the 2024 Budget Law

  • The draft budget law for 2024 aims to strengthen the fight against false or inactive VAT numbers.
  • The effects of the cessation of the VAT number issued by the Revenue Agency also apply to those who had requested closure in the previous 12 months.
  • The Revenue Agency can conduct risk analysis and request taxpayers to present their accounting records.
  • Failure to comply or negative outcomes can result in a penalty of €3,000.
  • The cessation of the VAT number leads to exclusion from the VIES database and can be verified on the Revenue Agency’s website.
  • Reopening the VAT number requires a three-year surety bond of at least €50,000.
  • The possibility of offsetting credits through F24 forms is precluded after the notification of the exclusion decision.


Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.


VAT news
VAT news