Avoid Penalties: A Guide to Meeting Tax Deadlines in January 2023

As we enter the new year 2023, it is important to keep in mind some important tax deadlines that need to be met this month. The beginning of a new year is always a good time to review and organize your finances, and that includes making sure that all of your tax obligations are met.

One of the critical tasks that need to be done is the submission of annual summaries that detail the transactions that occurred during the past year. These summaries can be quite burdensome, as they require detailed information about everything from payroll taxes to withholding taxes on clients, workers, and other suppliers. But don’t worry, we are going to lay out all the information for you, making it easier to understand the situation.

It is important to note that these taxes can be debited directly to your bank account, eliminating the need to physically go to a collaborating tax agency to pay them. To ensure this process can happen smoothly, your tax advisor will need to set it up at least five days before the deadline for the tax. To avoid any setbacks, it is recommended to send all the necessary information as soon as possible.

Some of the key tax models and their deadlines include;

●      Payroll tax corresponding to Q4 of 2022 (Form 111 and its annual summary, tax form 190)

●      Withholding tax on rents and other payments (Forms 115 and 123 and their respective annual summaries, Forms 180 and 193)

●      VAT corresponding to Q4 of 2022 (Form 303 and annual summary, tax form 390)

●      Intrastat

●      EU sales report (Form 349)

The deadlines for this month include filing for the Q4 of 2022 on January 20th, 2023, Intrastat on January 12th, and VAT on January 30th. It’s crucial to keep in mind these dates in order to submit all the necessary forms and documents on time to avoid penalties.

To ensure that all the information is efficiently processed, it is recommended to send your accounting information to your tax advisor as soon as possible. If you handle your own bookkeeping and have access to it, please make sure to send all invoices and bills, and let them know when your accounts are completed. This will help to ensure that all deadlines are met in a timely and efficient manner. If on the contrary you do not have a tax advisory or are not satisfied with it, you can get in contact with our professionals for further assistance.