Tax compliance practice: Latest news on the late surcharge for declarations of assessment

If a tax return is not submitted or is submitted late, there is a risk of a late filing penalty in accordance with Section 152 of the German Fiscal Code (AO). This provision was amended again by the Annual Tax Act 2024. The amendment particularly affects declarations of assessment, which are highly relevant in the private equity sector. In his article, Dmytro Shyshkin provides an overview of the latest developments on the topic of late surcharges.