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.
Payments on account: exceptions for start-up companies
Only small start-up companies are temporarily exempt from payments on account:
the exception applies to small companies during the first three financial years (as from the year of incorporation).
Payments on account, in full and on time = slight or no increase
Payments must be made at the latest by the 10th day of the 4th, 7th and 10th month and by the 20th day of the last month of the financial year. For financial years that are the same as the calendar year, the following dates therefore apply.
- Payment on account by the deadline of 10 April 2019 9.00%.
- Payment on account by the deadline of 10 July 2019 7.50%.
- Payment on account by the deadline of 10 October 2019 6.00%.
- Payment on account by the deadline of 20 December 2019 4.50%.
Payments on accounts must be paid into account number BE61 6792 0022 9117.
Payments on account for the 2020 tax year (financial years as at 31/12/2019) must be paid into account number: BE61 6792 0022 9117, in the name of “Inningscentrum – Dienst Voorafbetalingen”.
VAT advance payment December 2019
As a company subject to VAT (monthly or quarterly payers), you must pay a legally required advance payment in December. The deadline for paying the advance payment is 24 December. To calculate the amount, you may choose between the following two methods:
- Actual VAT
The amount of the advance payment corresponds to the VAT payable on transactions between 1 October 2019 and 20 December 2019 for quarterly payers or between 1 December 2019 and 20 December 2019 for monthly payers.
- VAT for the previous period
As a company, you can also decide to pay the same amount as the VAT payable for the third quarter of 2019 (quarterly payers) or for the month of November (monthly payers).
If you have any further questions about this, please contact your DNF advisor.