- Resumption of VAT Penalties: The Dutch government will reinstate VAT penalties for EU VAT e-commerce businesses starting January 1, 2025, ending the temporary suspension introduced in 2023 due to implementation challenges.
- Reasons for Ending Suspension: The decision to resume penalties is based on resolved initial issues with the One Stop Shop (OSS) process, a reduction in administrative burdens, and the need to address revenue losses caused by the previous suspension.
- Compliance Urgency for Entrepreneurs: E-commerce businesses are urged to ensure compliance with VAT reporting obligations and adapt their systems to avoid financial repercussions, with the Dutch Tax and Customs Administration having streamlined processes to aid in this transition.
Source Marosa
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