The end of March is approaching and with it the traditional stress associated with tax return. Many entrepreneurs take the deferral only as a safety brake, when their term burns. But the truth is that the postponement tax return of natural persons can also be an excellent a strategic and optimisation tool.

Why you should consider it too, even if you already have all papers ready?

4 main financial benefits of deferral

Deferral doesn't just generate extra time, it actually helps you better manage your cashflow. Here are the main reasons:

• Your money will stay in your account longer. By pushing back the deadline, you logically pay the actual tax later, which helps your cash flow. You can therefore better prepare for the tax due.
• Increased social contributions will wait. If your income has increased rapidly compared to the previous year, you will start paying the new, increased contributions to the Social Insurance Institution from October instead of July.
• Room for optimisation when the obligation to pay into the Social Insurance Institution arises. If you have not paid social insurance before and your last year's income exceeded the threshold of EUR 9,140, you can save up to EUR 515 thanks to the shift of the obligation.
• A health showdown without the June panic. The annual health insurance settlement is also an unpleasant „bat“ for many people in the form of arrears. Thanks to deferral, you will not receive this statement in June, but three months later, in September.

When should deferral be avoided?

But there is one important exception. In principle, all the features of deferment are a plus, but beware if you are planning to apply for a deferment in the near future. a mortgage or other bank loan. Banks usually require a closed tax return, so a delay could make the approval process unnecessarily complicated and drawn out.

The biggest myth: „If I have a postponement, I have to wait until June“

This is a very common mistake. The fact that you file a deferment, at all not, that you have to wait until the end of June to file your return.

We have clients who have their tax return ready in March, but we file a deferral for them and send the return itself, for example the very first week of April. Even if the return is already filed on 1 April, the system still treats this as a postponement and your the tax remains due until 30 June.

Important Notice. Remember that you must file the deferral itself by 31 March and if you are a sole trader or entrepreneur, you must do so exclusively electronically.

How can we help you with this?

At Numiron, we have automated the entire process. Thanks to our API connection directly to the tax administration we can handle your authorisation and application for deferral virtually real-time, without unnecessary bureaucracy and waiting.

You can choose the solution that you most suitable:

• You can download only ready XML and you serve it to yourself.
• You order a separate deferral filing service.
• The most preferred choice. You order a deferral straight away with your tax return processing. In this package, the deferral itself will not cost you €20, but only 10 euros. For Tatra banka's clients we have even prepared even more more favourable conditions.

Get rid of the spring stress and let technology work for you.