I started a secondary occupation in October this year.
It is now two months later (December) and I am currently making a loss. It is possible that by the end of June/July next year, when I have to file my personal income tax, I will still make a small profit of around 1000-1500 euros.
Is it advisable for me to make a small advance payment for quarter 4, before 20 December?
Don't do it... What can you gain from such a small amount?
Suppose you have a profit of 1,000 euros, you will have to pay 500 euros in taxes on that.
An advance payment of 500 euros could then yield 3% interest, which is 15 euros...
Phew.
If you're wrong and have paid too much, you could be waiting a year and a half for your money back.
Besides, if you make a profit, couldn't you just cover some extra costs? As a start-up, you'll still be able to buy plenty of things that are genuinely business-related.
Great... So as a self-employed in secondary occupation, it's best not to submit anything in December.
There are no other obligations (I have no trade goods and no advance payments) to the government/taxes because everything is done through personal income tax in June 2024? At least that was the case for me in 2023 (I am also exempted from VAT, by the way).
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
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