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
Individual taxpayers’ prepayments are imposed for the tax year. The total amount of the prepayment determines how many instalments it is divided into. There are either 2, 3, 6 or 12 instalments of equal size.
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 |