Is there a reporting obligation?

According to guidelines from the National Tax and Customs Administration (NAV) published in October, it doesn’t have to be reported within 30 days if a partner company renounces being paid a collection flat rate – informs MAZARS. Earlier the interpretation was that the extra revenue realised by a renounced claim qualifies as donation, therefore it has to be reported. Gabriella Gábor, senior audit manager of MAZARS pointed out that the collection flat rate still mustn’t be ignored or specified as a sum lower than EUR 40.