New business operator – remember your reporting and payment obligations

After you have started up your business, be prepared to take care of these tax matters:

  • report VAT and pay VAT in accordance with your company's tax period (if you are in the VAT register)
  • report wages and employer's contributions
    • Report wages paid on 1 January 2019 or after to the Incomes Register within 5 days after each payday.
    • Wages paid before 2019 must be reported to the Tax Administration separately for each tax period.
  • pay employer's contributions according to your company's tax period
  • file an employer payroll report
    • The last time you will need to file an employer payroll report is for wages paid in 2018.
    • You do not need to file a employer payroll reports for wages paid in 2019 or after. You will only need to submit reports to the Incomes Register.
    • However, if your company pays out dividends, etc., you must still submit annual information returns on them as before.
  • file the corporate income tax return
  • make tax prepayments.
 
Filing and paymentWho must file?When to file and pay?

VAT return and payment

Companies in the VAT register

The tax period is usually one month. The due date for filing and payment is the 12th of each month.

You must start filing returns as soon as you have registered for VAT.

A return must be filed for each tax period even if your company has not had VAT-liable activities.

Read more about filing self-assessed taxes

Employer's contributions: reporting wages paid 1 January 2019 and after

Companies that have paid wages or other earned income

Report wages and salaries paid on 1 January 2019 or later on an earnings payment report to the Incomes Register. The report must be filed within 5 days of the payment date.

Submit monthly employer's separate reports on health insurance contributions by the 5th of the calendar month following the payment month.

If your company is in the register of employers, you must file an employer's separate report even for months when you have not paid any wages.

Read more about how to submit payroll information to the Incomes Register

Employer's contributions: reporting wages paid before 1 January 2019   

Report wages and salaries paid before 2019 to the Tax Administration on the tax return for employer's contributions for the tax period in question. The filing deadline for the tax return is the 12th of the month following the tax period.

If your company is in the register of employers:
File a return for every tax period, even if you have not paid any wages.

Read more about filing self-assessed taxes

Paying employer's contributions  

Pay employer's contributions by the 12th of the second month after the tax period. The tax period may be a month or a quarter.

The payment of employer's contributions has not changed.

Read more about paying employer's contributions

Annual information return

Companies that have paid wages, dividends, etc. during the tax period

  • You will not need to file payroll reports after 2018.
  • You must still submit annual information returns to the Tax Administration on other payments, such as dividends.

Submit the information returns by the end of January following the year of payment.

Read more about filing annual information returns

Tax return

Companies of all types

Limited-liability companies and cooperatives file their return within 4 months from the end of the accounting period. The return must be filed electronically, for example in MyTax.

Business operators and self-employed persons, general partnerships and limited partnerships file their business tax return in the spring. Tax returns must always be filed even if there has been no activity in the accounting period.

Prepayment

Companies of all types

Read more about making prepayments