Taxpayers are faced with an increasing number of tax regulations, which are not only frequently changing and complicated, but are also difficult to understand. Even the slightest mistake or unintentional omission can lead to serious tax consequences.
Therefore, it is extremely important for taxpayers to be aware of the possibility of using the institution of active regret in the event of irregularities in their tax situation. The overriding value for accounting professionals is not only to ensure that clients comply with all regulations, but also to minimize the risk of any tax irregularities. In this article, we’ll take a look at what active regret is and what are the rules for making this important declaration.
Source Eurofiscalis
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