Tax prepayment – companies and organisations

The amount of the current year's total prepayments is based on an estimate of taxable profits. If expenses grow higher or do not match the estimate you had made, we recommend that you ask for changes to your prepayments.

Request prepayment or changes to prepayments in MyTax

How to request prepayment or additional prepayment in MyTax

Note:

You can request prepayment or changes to your prepayments until your tax assessment is completed.

Service break 1–8 November 2019 – take care of your tax matters in advance

MyTax will be unavailable between 1 November and 9 am on 8 November 2019. In addition, our tax offices and telephone services will be unable to process your tax matters during 4–6 November. Read more about how the service break affects services.

Changing prepayments

If you have paid too little or too much in prepayments, you can request a change to your prepayment in MyTax.

Additional prepayment

After the tax year: If you have not paid enough in prepayments during the tax year, request an additional prepayment.

Payments

When and how to pre-pay? What happens if I pay late?

Prepayment calculation

What affects the size of my prepayments? What income are the prepayments for?

Termination of business

If you ever go out of business, you should request a change of your prepayments.

New businesses

Starting up business? See guidance for new entrepreneurs.

What are prepayments?

Companies and corporations must usually make tax prepayments on their profit. The company’s profit is the difference between its income and expenses. For instance, a limited liability company can make tax deductions for the wages paid to its employees. Expenses like this decrease the amount of income that is subject to prepayments.

What kind of income is taxed by way of prepayments?

For corporate entities, profits are subject to prepayments. Profits come from the activities pursued. These include:

  • Business operations
  • Agriculture
  • Other activities for the production of income: typically, renting out assets/property, or selling assets/property (which results in capital gains)

How does the prepayment register affect prepayments?

If a company is registered in the prepayment register, it takes care of its own prepayments. This means that parties making payments to the company do not need to withhold taxes from those payments.

Note: A new company must request prepayments separately even if it is in the prepayment register.