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.
- about reporting wages and employer's contributions to the Incomes Register
- about filing and paying self-assessed taxes
Primary producers and creators of works of art
What is meant by "primary producers" includes farmers and owners of woodlands who carry out a forestry activity.
Primary producers and creators of works of art are entitled to the calendar-year tax period for purposes of VAT, regardless of the size of their turnover. However, the extension only applies to individual primary producers, or estates or partnerships that are primary producers, and to creators of works of art that do not operate any other trade or business liable to VAT.