Taxation

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Tax Account

A tax account contains information about taxes that  a company has reported with periodic tax return form and  payments with tax account reference. For example information related to employers contributions and value added tax (VAT) are collected to a tax account.

A tax account concerns taxes reported and paid by own initiative (excluding asset transfer tax and supplementary prepayments). Taxpayers paying on their own initiative do not receive any bank transfer form for this purpose from the Tax Administration. Before paying self-initiated taxes, taxpayers must calculate the amount to be paid and check the due date. Self-initiated taxes must always be reported using the Periodic Tax Return form.

Source: https://www.vero.fi/en-US/Companies_and_organisations/Tax_Account