If the tax authorities detect and prove tax evasion, the worst case scenario is being sentenced to 10 years in prison. In case of smaller offenses with up to €50,000 evaded tax, only penalties are imposed. In case the evaded tax amount ranges between €50,000 to €100,000, a prison sentence, which can be suspended, is mandatory by law. If the evaded tax amount exceeds €1 m, time in prison cannot be avoided.
This could also be interesting for you: Tax Evasion -When does it reach the statute of limitation?
If you want to know how we can support you in this topic, click here.