If you made an incorrect declaration in the past, you can voluntarily correct it. This is called turning in . This allows you to try to limit fines and criminal prosecution. Please contact us for a consultation.
If you’ve made incorrect tax returns in the past, you have the option to return them . The advantage of this is that you can try to avoid hefty fines and prosecution. Repenting is often a complex matter: a repentant must count on information about various tax years to be submitted.
Repenting today is less beneficial than it has been. With effect from 1 January 2020, making payments is not possible for box 2 income and domestic box 3 income. Repayment is now only possible for box 1 income and, for example, gift and inheritance tax.
However, in all cases filing a penalty remains a circumstance that reduces penalties, which is taken into account when determining the fine and the choice of whether to use criminal law. For example, a 300% fine for concealed box 3 income and 100% for concealed box 2 income can be mitigated. The inspector has a discretionary power to further moderate a fine in certain cases.
You would therefore benefit from having yourself assisted in (considering) voluntary improvement by the expert lawyers of the section Tax law . We will present your case to the tax authorities in a good and sympathetic manner, in order to limit your eventual “tax loss”.
We also help tax advisers to avoid heavy fines (Wwft).
The Money Laundering and Terrorist Financing (Prevention) Act (Wwft) sets rules for the company’s tax advisor and accountant. Money laundering means that illegally obtained assets are made legal, so that the illegal origin is no longer visible.
The Wwft imposes obligations on:
- buyers and sellers of goods
- intermediaries in the purchase and sale of goods
- real estate agents and brokers
- real estate appraisers
- Pawnshop operators and domicile providers
- financial institutions, such as banks, exchange offices, casinos, trust offices, investment institutions and certain insurers
- independent professionals, such as notaries, lawyers, accountants, tax advisers and administrative offices
Tax advisers to clients with concealed foreign assets are also at risk. An adviser who is (or should have been) aware of the concealed foreign assets of his client and yet prepares and submits a tax return that does not include this foreign bank account, commits a tax offense subject to heavy fines if this is classified as intentional submitting an incorrect declaration.
Advisors therefore also run a considerable risk themselves if they submit declarations for their clients that they know (or should have known) that one or more foreign bank accounts are not included. JAW advocaten therefore supports advisers to administration, accountancy and tax consultancy firms who are faced with this situation.
Therefore please contact us directly if you want to present a problem to us.