| Cause | Penalty and Interest |
| Late Filing | Up to 10% of the amount of VAT due plus interest, payable 90 days after the advance payment was due. Interest amounts to 2% plus the current base rate. |
| Late Payment | 2% of the unpaid amount, paid within 3 months. An additional payment of 1% is due if the amount is paid within 4 – 6 months from the due date. |
| Failure to Respond to the Tax Authority | Up to EUR 5,000 if the business fails to respond to the requests of the tax authorities (e.g. to file tax returns, disclose documents to the tax authorities). |
| Tax Evasion | Up to twice the amount of taxes evaded. May also lead to imprisonment up to 2 years. |
| Returns Not Filed or Information Not Disclosed Due to Negligence | Up to the amount of taxes not assessed due to the negligence of the business. |
In cases late payment, if the amount does not exceed EUR 50, no late payment penalty will be assessed.