- Germany will introduce reforms to external audit procedures starting January 1st, 2025
- Audit orders must be issued within a specific timeframe after tax assessment completion
- Suspension of tax assessment deadlines due to audits will have a five-year limit
- Taxpayers may face fines for non-compliance with audit requests
- Errors found in audits must be corrected not only for the audited period but also for future periods
- Reforms aim to accelerate audits, improve compliance, and emphasize the need for effective Tax Compliance Management System
Source: fiscal-requirements.com
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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