The tax calendar
Payroll taxes and the TSD by the 10th, VAT and the KMD by the 20th — with the amount and whether the bank shows it paid.
Taxes shows every obligation for twelve months: what it is, the period it is for, the day it is due, the amount Profflow worked out, and its status.
- TSD and payroll taxes for a month — due by the 10th of the next month.
- KMD and VAT for a month — due by the 20th of the next month.
Each obligation is in the cash forecast on its due date, so the money for it is accounted for before the day comes. When the bank statement shows the payment, the obligation is marked paid; a tax past its date that the bank does not show paid becomes a critical item in What to do.
The figures are worked out from your invoices, bills and payroll. They are what you check before filing; the filed return is what counts with the Tax and Customs Board.