According to recent reports, the Dutch Tax Authorities Administrative Fines Decree has been amended with effect from 2 June 2023, including changes in regard to voluntary corrections of a return. Previously, a voluntary correction could result in the imposition of a default penalty of 5%, unless the supplementary amount from the correction was less than 10% of the original tax amount, or the amount due was no more than EUR 20,000. With the amendments, a voluntary correction of a return no longer leads to a default penalty, as long as the correction is made before the tax authority becomes aware...