Tax calendar 2019 – Preparation for all cases

Collect bills, do the filing and once again get the thick folders out of the closet. The own accounting department does not hibernate and companies and private individuals are challenged to keep up to date with the latest legislation. In addition to the relief for the family, the deadlines for the advance VAT return and tax return were extended this year.

In this case, caution is required, because the deadlines vary depending on the amount of tax liability and the author of the tax return. So in order to be well prepared for 2019 and submit all documents on time, all appointments should be in the head.

Tax calendar 2019
(Graphic: Billomat)

Date changes in income and sales tax reporting

2019 brings not only tax changes with us, but we can also look forward to more generous deadlines for our tax return. Because, as of this year, taxpayers have up to two months more time to submit them to the tax office. These include income, sales, trade and corporate taxes.

Where the deadline for the annual announcement was 31 May last year, it will be relocated to 31 July this year. Taxpayers who hire a tax consultant to prepare their tax returns, however, have more time. Because, in principle, the tax legislation takes into account the additional burden of the consultants – thus they are granted more time. From 2019, however, it will take another eight weeks. This means that the sales tax return for the financial year 2018 until 28 February 2019 must be submitted by the tax consultant. But beware: This deadline will be extended again by 12 months to 28 February 2020, should the tax consultant take advantage of a time-limit.

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But beware: After the change according to §152 of the tax code, after this deadline delay will be enforced by law. This is the least beautiful part of the new regulation.

Deadlines for VAT return: Monthly or quarterly?

Although VAT is a so-called annual tax, it is necessary for entrepreneurs to make advance payments for their VAT collected within the year. This is mainly due to the amount of the tax debt. Entrepreneurs and self-employed persons whose VAT liability amounted to between € 1,000 and € 7,500 in the previous year are required to make an advance reservation four times a year for every three billing months. However, if the tax debt is higher, the advance notification should be submitted monthly to the tax office. Exempted from the obligation to pay are those who have tax debts less than 1000 euros.

Important: Start-ups have to submit a monthly application regardless of their turnover in the first two years.

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Tax calendar 2019: The most important data at a glance

The regular dates for the submission of the advance VAT return fall on the 10th calendar day after the monthly or quarterly billing period. If this falls on the weekend or a public holiday, the deadline falls on the following working day. The tax debt then arises simultaneously with the determination or registration of the tax. For this reason, the payment must be made at the same time. However, to pay the full amount, tax offenders are granted a grace period of up to three days. This means that the grace period for payment of the tax liability will be extended from the regular advance notification in April 2019 to 13 May. With a long-term extension, this will be delayed for another four weeks until June 13, 2019.

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Conclusion: Good preparation is half the battle

This year, the state is adapting some laws to the EU’s rules. For this reason, it is important for individuals, companies and the self-employed, to see twice for possible changes in the deadlines. Although they have been extended, care must be taken not to incur extra time extensions.

Paul-Alexander-Thies is managing director of Billomat. He has over ten years experience as a senior executive and has helped build many companies such as Groupon, Payleven (Rocket Internet) and Travador. His passion for the e-commerce sector as well as his motivation for the future market FinTech now lead him to the web-based accounting tool Billomat.

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