What penalty has to pay if business customer doesn’t return VAT in due time?

  • Post
    Kallis Roy
    Enhanced
    CA

    What penalty has to pay if business customer doesn’t return VAT in due time?

Viewing 1 reply thread
  • Replies
      Jason
      Enhanced
      none

      If the business customer won’t return the VAT in the due time so the penalty amount can range from 2% to 15% of the VAT owed, depending on the length of the delay and the amount of VAT owed.

      Robert John
      Beginner
      US

      When VAT is not paid by the deadline, this penalty is assessed. Depending on the country, the fine may be different, but it often represents a portion of the debt.

Viewing 1 reply thread
  • You must be logged in to reply to this topic.