Never deductible
FinesšØ , even if incurred in the course of business, are not deductible. No VAT is recoverable, as VAT does not apply to fines. Some examples of fines:
Road fines: speeding, driving offences, etc. recorded by the police. Since the end of 2021, if the car belongs to a company, you are obliged to identify the driver on JustOnWeb within 15 days of receiving the ticket.
Tax fine : late submission of tax returns. There are two types of fine: a fixed amount of between ā¬50 and ā¬1,250, or a tax increase of between 10% and 200%.
Social security contribution surcharge: if you pay your social security contributions late, surcharges apply and are considered non-deductible fines.
Interest on late payments, on the other hand, is deductible.
š” If you don't pay for parking, you have to pay the daily parking fee (from the city), which is a (deductible) fee and not a fine. On the other hand, if you park on a sidewalk, you receive a non-deductible fine (from the Police) !