What deadlines do I have to consider for corporate tax?
April 29, 2022 | 50,00 EUR | answered by Benjamin Hohenadel
Dear tax advisor,
my name is Anna Hentschel and I am the manager of a small GmbH operating in the field of online trading. In the past, I have never delved deeply into the topic of corporation tax, as our tax advisor has taken care of this task so far. However, I now want to educate myself and ensure that all tax obligations of my GmbH are being met correctly.
I have heard that there are various deadlines to be observed in relation to corporation tax. Unfortunately, I am unsure about the exact deadlines and the consequences that may arise if they are not met. I am worried that I might make mistakes in my GmbH's tax return or miss important deadlines.
Could you please provide me with all the relevant deadlines that I need to keep in mind for corporation tax? Are there differences depending on the size or legal form of the company? How can I ensure that I keep track of all deadlines and meet them on time? What are the possible consequences if deadlines are not met?
I would be very grateful if you could assist me with this and provide me with possible solutions to fulfill my duties as a managing director correctly.
Thank you in advance for your support.
Kind regards,
Anna Hentschel
Dear Mrs. Hentschel,
Thank you for your inquiry regarding corporation tax for your GmbH in online commerce. It is understandable that you want to inform yourself about the relevant deadlines and consequences to ensure that your tax obligations are fulfilled correctly.
Regarding corporation tax, there are indeed various deadlines to be aware of. Firstly, the corporation tax return for your company must be submitted to the tax office within five months after the end of the business year. Late submissions may incur late payment interest and penalties, so it is important to meet this deadline.
Furthermore, advance payments for corporation tax must also be made on time. These are usually due quarterly. Failure to make these payments or late payments may result in penalties from the tax office. It is therefore advisable to keep track of these payments and transfer them on time.
The deadlines for submitting the corporation tax return and making advance payments apply to all GmbHs regardless of their size or legal form. Therefore, it is important for you as the managing director of your GmbH to keep these deadlines in mind and plan accordingly to avoid penalties or other consequences.
To ensure that you stay on top of all deadlines, I recommend keeping a tax calendar where you can note down important dates. This will help you stay organized and act in a timely manner. Additionally, it is advisable to regularly communicate with your tax advisor and address any questions to avoid mistakes in your tax return.
If you miss deadlines or make errors in the tax return for your GmbH, this can lead to financial consequences. Therefore, it is important to inform yourself early to minimize these risks.
I hope that my explanations are helpful to you and that you can fulfill your tax obligations as a managing director correctly. If you have any further questions, please do not hesitate to contact me.
Best regards,
Benjamin Hohenadel, Tax Advisor
