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.

Prepayment instalment quantity for other than corporate taxpayers
Amount of prepayments (€)How many instalmentsMonths 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:

Prepayment instalment quantity for corporate taxpayers
Amount of prepayments (€)How many instalmentsMonths of payment
500–2,000 2 the third and the ninth month of corporate fiscal year
over 2,000 12 January through December