Filing and paying self-assessed taxes when business is terminated or when the tax period is changed

Your tax period can be changed to a shorter period during an ongoing tax period. In this case, you must file a return for the months belonging to the old tax period and pay your taxes for them sooner than you would with the old tax period's usual due date.

For any wages you pay on or after 1 January 2019, you must file a report to the Incomes Register in 5 days after payday. Submit employer's separate reports on health insurance contributions by the 5th of the calendar month following the payment month. The above deadline is not affected even if the business is terminated or if the tax period is changed.

You must file the return and pay the taxes by the general due date of the month following the first calendar month of your new tax period. Example: If your tax period is changed from a quarter to a month on 1 March, you must file the return and pay the taxes for January and February by 12 April.

Example 1: the tax period is the calendar year, and September is the final month of operation

The company goes out of business in September. The VAT return for the period from January to September must be filed, and the VAT paid, on 12 November at the latest.  

Example 2: the tax period is the calendar year, and December is the final month of operation

The company goes out of business in December. It must file its VAT return for January to December and pay the VAT by end of February.

Example 3: the tax period has been the quarter and is now being changed into a shorter period

In May, a company filing once a quarter submits an application to the Tax Administration asking for the monthly tax period as of 1 June.

The company must file a VAT return and pay VAT for the tax period preceding the change date (spanning the time between April 1 and May 31) by the general due date for July, i.e. by 12 July. For any amounts withheld on wages, you must file a report to the Incomes Register in 5 days after payday. This deadline is not affected by the length of your tax period. Employer's separate reports on contributions must be submitted by the 5th of the month following the payday month. The company must pay the amount withheld and the employer contribution to the Tax Administration for the tax period preceding the change date (spanning the time between April 1 and May 31) by the general due date for July, i.e. by 12 July.

The return for June must be filed and the payment of VAT must be made by 12 August. The amount withheld for June must be reported to the Incomes Register in 5 days after payday, and the separate reports on contributions must be submitted by the 5th of the month following the payday month. For the June tax period, the company must pay the amount withheld and the employer's health insurance contribution by 12 July.

Example 4: the tax period has been the calendar year and is now being changed into a shorter period

Starting October, a company changed its tax period into the month. It used to be the calendar year. The VAT return for the January-to-September period must be filed and the VAT paid by 12 November, and the return for October must be filed and the VAT paid by 12 December.

If a primary producer, creator of works of art, or a VAT taxpayer with the calendar year tax period terminates their business in the middle of the period, the date of termination is deemed as the end date of the tax period. The tax must be filed and paid by the general due date in the second month that comes after the month of termination.