Übersetzung für "Steuerstrafe" in Englisch

How much is the tax penalty?

Why is the judgement regarding the NAV tax penalty case good for taxpayers?

One new element is the conditional tax penalty allowance.

The completely disproportionate tax penalty imposed on the opposition Dogan Media Group is a targeted attack against those who criticise the government.

Additionally, it imposed a tax penalty totalling 50% of the VAT amount.

As a rule of thumb, a tax penalty still amounts to 50% of the tax shortfall or any unjustified claim .

The new owner of ATV still has a great many questions to answer, there are calls from the highest offices for a boycott on certain media and the Dohan group has been hit with an arbitrary tax penalty of EUR 400 million.

In all, the amount of VAT sought from Umicore following the adjustment notices totalled EUR 24372358 and the tax fine calculated in the adjustment notices was EUR 2437235.

In particular, the two adjustment notices concerned the provisional establishment of the VAT owed by Umicore, as a result of the irregular application of exemptions, and the amount of the tax fine, as well as the interest automatically payable from the date on which the VAT debt was incurred.

It should be noted that while the allowance rule looks simple at first sight, the details are important.

Those companies who miss the registration obligation, may be subject to a tax penalty up to 600.000 HUF from the Tax Office.

A tax penalty may be levied after tax inspections when the Hungarian tax authority establishes a tax difference in its decision to the detriment of the taxpayer (basically it finds that the tax liability is higher than the amount declared by the taxpayer).

In the case of a tax difference, a tax penalty can only be levied if it also qualifies as a tax shortfall.

The parties concerned are first confronted with the VAT problems of a given transaction when the tax authority rejects the deduction of the VAT, and imposes a tax penalty amounting to 50 percent of the deducted tax, or when the client refuses to pay the invoice because they believe the tax has been handled incorrectly.

Additionally, when mitigating a tax penalty or waiving it, the size of the tax shortfall as well as the circumstances under which it arose should also be considered along with the weight and frequency of the taxpayer's unlawful behaviour (action or failure to act).

Essentially, if a taxpayer waives their right to appeal against a first-instance decision on a retrospective tax assessment, and pays the tax difference defined in the resolution by the due date, then 50% of the tax penalty is waived.

Dutch authorities may impose a tax penalty amounting up to 300% of the concealed tax, and punish those who committed fiscal fraud by imprisonment of maximum 6 years.

These reviews enable us to identify any tax payment liabilities that were missed, thereby reducing the risk of a tax penalty and interest.

In Hungary, however, legal consequences (tax penalty, late payment interest, default penalty) always have to be charged to the profit in the year when the finding was made, so the amount is ignored when the error is qualified.

According to the following ruling from the Curia summarised below, it is also clear that the issuer of the invoice can expect a hefty tax penalty if the notification was not made at the proper time.

Indeed, there is reason to believe that the content of the tax return submitted as part of the self-revision will be reflected in the findings of the inspectors as the basis for a tax penalty.

Apart from the most severe cases of the above infringements, the tax authority in Hungary can weigh up the amount of a specific tax penalty.

In the first part of our two-part series launched a month ago we looked into the changes related to tax penalties and late payment interest, some of the sanctions applied in the new Hungarian Act on Rules of Taxation effective from 2018.

Naturally, there must be an in-depth review of the given transaction and the type of the transaction since the wrong assessment of an establishment could result in the NAV determining a tax shortfall along with a maximum tax penalty of 50% and default interest.

As opposed to the subsequent review of tax returns, also referred to as reviews of individual tax types, the great advantage of the softer procedure is that after any inspection is launched, it is still possible for taxpayers to correct any errors or shortcomings through a self-revision, paying a self-revision charge that is much lower than the tax penalty or default charge that can be levied as a result of an inspection.

If you take the money, you will have to pay a tax penalty unless you roll the money over into another pension plan or IRA.

One new feature is if the taxpayer waives its right of appeal against the first-instance decision, and pays the tax difference by the prescribed deadline, it will be exempt from having to pay 50% of the levied tax penalty.