How many instalments
The standard due date for prepayments is the 23rd of each month. If the 23rd does not fall on a banking day, the due date is treated as being the first banking day after that.
Prepayment instalment quantity – other than corporate taxpayers
The table below illustrates how many instalments there will be if you are:
- An individual taxpayer
- A self-employed operator of a trade or business
- A partner in a general or limited partnership
- An agricultural taxpayer, farmer
- A forestry taxpayer, forest farmer
The minimum amount is €170. This means that if your calculated prepayment amount is below €170, you don’t have to pre-pay it. It will be included in your regular assessment of income taxes after the tax year is over. If the amount exceeds €170, you make prepayments in two or more instalments of equal size.
| Amount of prepayments (€) | How many instalments | Months of payment |
|---|---|---|
| 170–500 | 2 | March and September |
| more than 500 but no more than 1,700 | 3 | February, July and November |
| more than 1,700 but no more than 10,000 | 6 | February, April, June, August, October and December |
| over 10,000 | 12 | January through December |
Prepayment instalment quantity – corporate taxpayers
The Tax Administration imposes an amount to be prepaid for every fiscal year (=accounting period) of the corporate entity. The number of instalments depends on the amount of the annual total. There are either 2 or 12 instalments of equal size.
The minimum amount is €500. This means that if your calculated prepayment amount is below €500, you don’t have to pre-pay it. It will be included in the corporate entity’s regular assessment of income taxes after the year is over.
The Tax Administration divides the prepayments into instalments as follows:
| Amount of prepayments (€) | How many instalments | Months of payment |
|---|---|---|
| 500–2,000 | 2 | the third and the ninth month of corporate fiscal year |
| over 2,000 | 12 | January through December |