Recurring business expenses

ING Tax Prepayment Facility

Let ING deposit your estimated taxes for you

Do your annual tax prepayments weigh too heavily on your liquidity position? ING can deposit the full amount of your estimated taxes directly to the Ministry of Finance on the first official due date. So you can avoid the statutory increase while freeing up your cash flow.

  • Retain access to your money

    Free up your working capital for other investments.

  • Renew or modify your contract

    ING renews your contract annually. If your needs change, however, you can easily have your contract modified.

  • Get the assurance of a fixed interest rate

    Your interest rate is calculated on the basis of the market rate at the time of signing the contract.

  • Profit from tax incentives

    All interest payments are tax deductible as a business expense.

  • Avoid statutory tax increases

    Your tax prepayment is sent to the Ministry of Finance before the due date, so you avoid the statutory increase in tax rate.

ING deposits the amount of your estimated taxes directly to the Ministry of Finance on the first official due date of your tax prepayment. Your loan will be automatically renewed each year with the option to modify your contract if need be.

Choose between 2 formulas:

ING Classic Annual Tax Prepayment

ING deposits 75% or 100% of your estimated taxes to the Ministry of Finance on the first official due date.

You repay the loan in 12 fixed instalments.

Apart from the interest, there are no other charges for this loan. Moreover, the full interest amount is tax-deductible in the same financial year in which it is paid.

ING Tax Prepayment Deposit Phase

Apart from the interest, there are no other charges for this loan. Moreover, the full interest amount is tax-deductible in the same financial year in which it is paid.

ING deposits the full amount of your estimated taxes to the Ministry of Finance. This is done on the first official due date of the prepayment of taxes.

This prepayment consists of a 4-month deposit period and an 8-month credit period. In other words, the first 4 repayments take place in the 4 months before the official due date (deposit phase). The amounts are automatically withdrawn from your ING accounts and deposited into a term account. ING transfers the entire amount of your estimated taxes to the Federal Public Service Finance on the first official due date of the tax prepayment. You then pay the remaining 8 repayments in monthly instalments (credit period).

Apart from the interest, there are no other charges for this loan. Moreover, this interest is tax-deductible as a business expense.