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

Individual taxpayers’ prepayments are imposed for the tax year. If you are an individual taxpayer, you cannot pay prepayments if the prepayment amount is less than €170. In such cases, taxes are paid after the final tax assessment. If the prepayment amount is €170 or more, there are either two or more months of payment.

The amount of prepayment affects the number of instalments in a tax year. There are either 2, 3, 6 or 12 instalments of equal size.

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
Prepayment instalment quantity for other than corporate taxpayers
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:

Prepayment instalment quantity for corporate taxpayers
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