New entrepreneur – remember your reporting and payment obligations

Once you have set up a new business, be prepared

  • to report VAT and pay VAT in accordance with your company’s tax period (if you are registered in the VAT register)
  • to report employer contributions and pay taxes according to your company’s tax period (if you are registered in the Employer Register or have paid wages or compensation for work)
  • to submit an employer's annual information return (if you have for instance paid wages)
  • to submit a corporate income tax return
  • to manage advance payment of taxes.
 
Report and paymentsWho must report?When to report and pay?

VAT: report and payment of taxes

Companies registered in the VAT register

The tax period is usually one month Reports and payments are due on the 12th day of each month.

The obligation to report begins as soon as you have registered your company in the register.

A report must be made for each tax period even if the company does not have business subject to VAT.

Read more about reporting and paying self-assessed taxes

Employer contributions: report and payment of taxes

Companies that have paid wages.

If your company is not in the Employer Register

Submit a report for the months for which your company pays wages or compensation for work.

If your company is in the Employer Register

The tax period is usually one month.

Reports and payments are due on the 12th day of each month. The obligation to report begins as soon as you have registered your company in the register.

A report must be made for each tax period even if the company does not pay wages. Please note that the tax periods for employer contributions and VAT payments may be different.

Read more about reporting and paying self-assessed taxes

Annual information return

A company having paid for instance wages, employer contributions or dividends during the financial year.

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

Read more about submitting annual information returns

Tax return

All types of companies 

Limited liability companies and cooperatives submit a tax return within 4 months of the end of the financial year. The tax return must be submitted electronically, for instance in MyTax.

Business operators and self-employed persons, general partnerships and limited partnerships submit a business tax return in the spring. A tax return must always be submitted, even if the business had not operated during the financial year.

Advance payment of tax 

All types of companies 

Read more about tax prepayment and the payment of taxes

Related videos

How to file VAT in MyTax

How to file employer's contributions in MyTax

How to file corporate income tax return in MyTax

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