Tax evasion: Voluntary declaration must be made in good time

Tax evasion: Voluntary declaration must be made in good time
Kurzfassung: A voluntary declaration in the case of tax evasion only exempts you from punishment if it has been submitted on time. Thus, the authorities cannot already have begun any investigations.
Tax evasion: Voluntary declaration must be made in good time GRP Rainer LLP
[GRP Rainer LLP Lawyers Tax Advisors - 14.08.2014] GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London - www.grprainer.com/en conclude: Tax evasion is a criminal offense, but German tax law allows one to make a voluntary declaration of an incomplete tax return leading to immunity from punishment. If all tax omissions from the past five years are presented to the tax office accompanied by the necessary documents, the tax evader returns to being tax compliant.

For this to happen, essentially two conditions must be satisfied: The documents pertaining to the tax omissions from the past five years must be exhaustive so that a new tax assessment can be issued within a short space of time. The tax liability must then be discharged within a short timeframe. Moreover, the voluntary declaration must be made in good time.

However, when a voluntary declaration has been made in good time is disputed. If the authorities have already begun investigations it is too late. But it is questionable, for example, whether the mere presumption that one's name could appear on a purchased CD on tax evaders means the voluntary declaration can no longer be submitted on time.

Tax evaders who want to submit a voluntary declaration should therefore urgently consult with a lawyer competent in the field of tax law. He will be able to judge whether the voluntary declaration has been made on time and can also be of assistance in preparing it, as submitting a voluntary declaration in such a way that it actually exempts you from punishment is a complicated process which can be difficult for a layman to keep track of. Even standard forms are scarcely able to account for the complex and wide range of circumstances. The consequence of this can then be that the voluntary declaration is unsuccessful and severe penalties follow.

The risk of a voluntary declaration being ineffective is significantly reduced with the support of competent lawyers and tax advisors. They know which documents are required and, if need be, are able to estimate the tax liability should important documents still be missing.

Since the rules for voluntary declarations leading to immunity are expected to be substantially tightened from 2015, they should be submitted in this year as far as possible.

http://www.grprainer.com/en/Voluntary-Disclosure.html
Weitere Informationen
GRP Rainer LLP Lawyers Tax Advisors
GRP Rainer LLP Lawyers Tax  Advisors GRP Rainer LLP www.grprainer.com/en/ is an international firm of lawyers and tax advisors who are specialists in commercial law. The firm counsels commercial and industrial companies and corporations, as well as associations, small- and mid-sized businesses, self-employed freelancers and private individuals worldwide from offices Cologne, Berlin, Bonn, Dusseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London UK.
GRP Rainer LLP Lawyers Tax Advisors, Herr Michael Rainer
Hohenzollernring 21-23, 50672 Cologne, Germany
Tel.: 0049 221-2722750; http://www.grprainer.com/en
Weitere Meldungen dieses Unternehmens
Erfolgreiche Pressearbeit eBook
Pressearbeit
Eine Pflichtlektüre für mehr Sichtbarkeit durch Pressemitteilungen.
Pressekontakt Herr Michael Rainer

GRP Rainer LLP Lawyers Tax Advisors
Hohenzollernring 21-23
50672 Cologne
Germany

E-Mail:
Web:
Tel:
0049 221-2722750
Fax:
Drucken Weiterempfehlen PDF
Schlagworte
Permanentlinks https://www.prmaximus.de/111428

https://www.prmaximus.de/pressefach/grp-rainer-llp-lawyers-tax-advisors-pressefach.html
Die Pressemeldung "Tax evasion: Voluntary declaration must be made in good time" unterliegt dem Urheberrecht. Jegliche Verwendung dieses Textes, auch auszugsweise, erfordert die vorherige schriftliche Erlaubnis des Autors. Autor der Pressemeldung "Tax evasion: Voluntary declaration must be made in good time" ist GRP Rainer LLP Lawyers Tax Advisors, vertreten durch Michael Rainer.