What is the tax period of my business?
Your tax period affects when you must pay employer's contributions and file and pay VAT. The length of the tax period depends on your company's turnover.
When you start up a new company, you must give an estimate of its future turnover in the start-up notification. If you do not enter an estimate, the tax period is automatically one month.
If your company’s turnover exceeds EUR 100,000, your tax period is one month.
If your company’s turnover is EUR 30,001–100,000, your tax period is either of the following, depending on the selection you made:
- a quarter
- one month.
If your company’s turnover is EUR 0–30,000, your tax period is one of the following, depending on the selection you made:
- a quarter (employer contributions) and calendar year (VAT)
- a quarter – all self-assessed taxes
- a month – all self-assessed taxes.
When to file and pay self-assessed taxes?
File and pay self-assessed taxes for 2018 separately for each tax period. Self-assessed taxes include VAT and employer's contributions.
- Report wages and employer's contributions your company has paid since 1 January 2019 to the Incomes Register. File the report to the Incomes Register no later than five days after payday. Your tax period does not affect this deadline. Read more about reporting wages and employer's contributions to the Incomes Register
- Pay your employer's contributions per tax period as before.
File and pay your other self-assessed taxes for 2019 (such as VAT) separately for each tax period as before. Read more about filing and paying self-assessed taxes