- Penalty for undue deduction in periodic settlement reduced from 90% to 70% for violations from September 1, 2024
- Violation occurs when VAT credit is improperly included in periodic settlement
- If VAT is included in declaration, violation is considered as false declaration
- Addition of a provision in the law stating that penalties do not apply if violation results in false declaration penalized under article 5
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.
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