Previous Year Net Profit Before Taxes is the difference between
revenue - expense before deduct the taxes the previous year, if you
start the business this year enter 0.
Pension insurance is calculated based on the net profits of previous year, so
you have to input the net profits of previous year so you can calculate
pension insurance of this this years. If you have zero profit or loss, the calculation of pension insurance
for the present year will have as base the minimum wage of non married worker over 25 years old
which is 586.08 €
Prepaid tax means that every year you should prepaid the profit tax and for the next years taking as base
your current profit, if next year there is some difference it should be clearing. Let' take an
example if you are a new business the first year of operations profit tax is about 3000E there is 100% prepaid tax so
you have to paid another 3000E totaling 6000 E. The next year if your profit are less and the tax is 2000E the prepaid tax is another
2000E you should pay 4000E but you have a return from the previous year 3000E so you total clearing it will be 1000Euros
Disclaimer This calculator is designed to be informational tool only, and when used alone,
do not constitute advice. We strongly recommend that you seek the advice of a
a professional accountant. Website vontikakis.com and its affiliates are not responsible
for the consequences of any decisions or actions taken in reliance
upon or as a result of the information provided by these tools.
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