Alignment of insurance tax assessment terms with VAT: implications for late declarations

• The deadline for assessing insurance tax will now start from the date of filing the declarations
• Insurance companies can now submit late declarations within 90 days of the deadline without penalties
• Late declarations beyond 90 days are considered omitted but can still be used for collecting due taxes
• This aligns the declaration process for insurance premiums with that of VAT
• Further details can be found in the analysis of the mentioned article 5, paragraph 1, letter b

Source: eutekne.info

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.