First liquidation reserves can be paid out in 2020 at an advantageous rate of 5%! Dividends are generally taxed at 30%. However, a small company can also create so-called “liquidation reserves”. Just like a normal reserve, a liquidation reserve is an internal “savings bank” for the shareholder(s). This liquidation reserve can be built up annually with the profit of the financial year.

In order to avoid a surcharge due to making a late payment on account, one final balancing payment on account can be made by 20 December 2019. The required VAT advance must be paid by 24 December 2019.