Taxation of self-employed individuals

You must submit the Business tax return (Form 5) for every year – including any year when you have not had any activities.

You should also check your personal pre-completed tax return and add any missing information or make corrections if needed.

When you are a self-employed individual, the amount of prepayments depends on the taxable profit from your business and on all your other income during the tax year, too, including wage income from other sources, a start-up grant, or the like.

Although you make regular prepayments, you may additionally need a tax card if you are a recipient of wages, pay or pensions.

You must submit VAT returns for each tax period even if the you have had no VAT activities during the period.

If you are paying any tax after its due date, you will receive a summary of tax status to which a reminder letter is added. If you have temporary financial difficulties and cannot pay the tax by the due date stated in the reminder letter, you can ask for a payment arrangement to be made.