On 13 November 2013 it was reported that the Dutch Financial State Secretary has hailed the Government’s temporary relaxed voluntary disclosure scheme as a success. The State Secretary emphasized the fact that since its introduction, almost 500 taxpayers have come forward voluntarily to regularize their tax situation with the tax authorities.
On September 2, 2013, the Financial State Secretary temporarily eased the country’s voluntary disclosure scheme. As a result, taxpayers electing to voluntarily report their situation to the tax authorities by July 1, 2014, will not be subject to a fine.
From July 1, 2014, the standard voluntary disclosure system will once again apply for a period of a further year. Under this system, a fine amounting to 30 percent of the sum of tax evaded is imposed. From July 1, 2015, however, the mechanism will be tightened considerably, with the fine rising to 60 percent of the evaded tax.
