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E-bike Manufacturer Stella Faces Significant Errors in VAT Payments

  • Stella, now fully owned by the investment company of kitchen entrepreneur Ben Mandemakers, had to pay €2 million in overdue VAT to the tax authorities.
  • The preliminary annual report for 2022 reveals multiple deficiencies and gaps in the calculation and payment of VAT.
  • The company’s financial results for 2021 have been significantly lower due to the VAT corrections, with a total correction of €2.7 million.

Source: fd.nl

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.

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