Tax prepayment December 10, 2024

In times of economic uncertainty and fluctuating industry developments, adjustments to tax prepayments are a decisive lever for preserving liquidity. Especially when profits are declining, entrepreneurs, self-employed people, landlords and pensioners can save money by making targeted adjustments. We show you how to optimize tax prepayments and which deadlines you need to observe.

Why should you check your tax prepayments?

Advance payments are often based on previous tax assessments that are still characterized by economically better years such as 2021 and 2022. This can lead to you making unnecessarily high payments today. Reducing your advance payments is not only possible, but can also provide you with valuable liquidity – an effective way to avoid financial bottlenecks.

Important deadlines for the adjustment:

• For 2023: Adjustment possible until June 30, 2025. Required: provisional profit and loss account or determination of taxable income.
• For 2024: Adjustment until June 1, 2026. You can already apply for an adjustment now with a current BWA and projection of the annual result.
• For 2025: Advance payments are often based on old tax assessments. If there is a plan for 2025, you can act now and apply for adjustments.

How do you apply for the adjustment?

An application to the tax office is necessary to reduce the advance payments for income tax or corporation tax. You can reclaim advance payments already made if a lower tax burden becomes apparent. Please note the following points:

• For profit increases: Action is required if you want to avoid high final payments.
• In the event of losses: You can apply for an adjustment of your tax prepayments for 2024. This applies both to the advance payment due on December 10, 2024 and to your previous advance payments in 2024. This allows you to receive a retroactive tax refund for 2024.

Conclusion:

Adjusting tax prepayments is a smart strategy to avoid unnecessary expenses and keep your finances flexible. Use this option to secure your liquidity and increase your financial leeway. With timely planning and a targeted application, you can take a relaxed approach to your tax year.

💡 Tip: Get your sample application to adjust your tax prepayments! Here you can have your advance payments reduced if your profit or loss is lower. Here you can have your advance payments increased if your profits increase.

You can find out even more information and help about advance tax payments here in the video!