Author: Melanie Hornauer

Modern tax myths often persist in day-to-day business, including those concerning formal requirements. In Part I, we examined common misconceptions about business entertainment receipts and the assumption that VAT is always merely a pass-through item.
This article addresses typical misunderstandings concerning invoice corrections and tax deadlines.

In day-to-day business, a number of tax-related myths continue to circulate. As is often the case with myths, they are usually based on misconceptions or incomplete knowledge. For small and medium-sized businesses in particular, this can create avoidable risks – whether in liquidity planning, during tax audits or when making structural business decisions.
In this article, we explain what the rules actually say.