Thousands of taxpayers and businesses are expected to benefit from the abolition of tax office administrative fines in cases involving very low or zero tax debts.
Fines ranging from €100, €250 or €500 would previously be imposed for delaying or failing to submit a tax declaration, even when no or minimal amounts of tax were actually due.
The new law does not abolish fines for late tax declarations but writes off fines for violations that are a mere “formality” and have no fiscal impact.
The new measures came into force with the publication of the law in the Government Gazette on May 15 and even envisions a rebate for those who have already paid fines, dating back to 2024. The fines will no longer apply for delays or omissions in the submission of tax statements when the amount payable is less than €100.
The fine for failing to submit initial VAT statements remains, but is reduced to €100 if no tax is due.
