Tax information includes tax periods, self-initiated taxes and bank accounts regarding taxes. Sending notifications regarding the taxes requires an active Tax administration's certificate.
Tax information view can be accessed from Management > Accounting info > Tax information.
Save
The button saves the entered tax information.
VAT period length
The length of the VAT period is selected form the drop-down menu. The options are 1 month, or 3 or 12 months.
Note! When you are choosing VAT period length for a new environment, please make sure that the right VAT period length is chosen. If Tax returns of self-assessed taxes are sent with wrong selection in the VAT period length field, it may not be possible to send new tax returns for the same calendar year anymore from Procountor. More information about this matter can be found in this article.
If the company is not liable for VAT, any option can be selected for the Tax account settings. The selections does not matter, as there is no need to make a VAT summary or The Tax return for self-assessed taxes. Currently, the interface does not offer a specific option for companies that are not VAT-liable.
Salary period length and Other information
Fields include employer’s contributions and other self-initiated taxes: 1 month or 3 months.
MyTax reference number
The reference number received from the tax authorities is entered in the field. Entering this constant reference number of the tax return for self-assessed taxes is especially important to be able to address these payments to the tax authority.
Changing the reference number
When the reference number changes, enter the new number in the field to apply it to future Tax returns of self-assessed taxes.
Tax returns of self-assessed taxes already submitted with the old number will not update retroactively.
To pay using the new number, you can make a direct bank transfer. Note that this disables automatic allocation from the account statement.When the bank statement arrives in Procountor, verify the payment is allocated correctly. If not, use Bank statement allocation. Also ensure the payment is posted to account 2935 “OmaVero transactions” (or the applicable tax liability account).
Income tax return
The income tax announcement form used in the environment is selected from the drop-down menu.
Tax payment bank account
The bank account number for tax account payments is entered in the field. The account number is given by the tax authorities.
Account
The Account field contains the name of the account where the tax account transactions are posted in accounting. The default account is 2935 Tax account transactions. Once the account is entered, it can be changed in Management > Accounting info > Posting defaults > Default postings for taxes.