Agent made a mistake on my Income Statement: Treasury tells you what to expect
If a taxpayer fails to express consent or if an obligation exists, penalties can reach up to 20 percent of the amount due. Delays by the Treasury in presenting this information can also trigger penalties. In all cases the minimum penalty is 5 percent, and if the tax authorities must issue a refund, a fixed penalty of 100 Euros applies.
Beyond these immediate consequences, there can be additional charges for certain actions. Errors in calculating declared income, making an incorrect payment, omitting a Tax Identification Number, or submitting forged documents can all lead to further penalties.
Message from the Treasury when you get your rental money back
The most common mistakes in the income statement
Another frequent error is misreporting the tax address, the location of the taxpayer whether an individual or a business entity. It might seem odd to misstate the address on a declaration, yet the Tax Office may impose a fine of up to 100 Euros for this oversight.
Attention: Treasury will refund rent monies from today
Careful review of tax data is essential. All key elements such as withholding, total income, and other tax signals should be checked against what the Tax Office requires. The information needed to prepare the income statement is available on the tax authority website. When a mistake occurs in the declaration, an amended return must be filed to correct the record. This process ensures accuracy and compliance with reporting standards. [Attribution: Tax Authority guidance]