The tax estimation in your Kontist account helps you automatically set aside funds for income tax and VAT.
Please note: The app provides guidance only and does not replace tax advice or bookkeeping services.
Using the tax estimation correctly
The app takes into account:
your stored income tax rate
the payment period for income tax and VAT
the categories of your transactions
Private expenses can be marked as “Private” – they will not be included in the tax calculation.
Frequently asked questions
Why are my VAT reserves at 0 or greyed out?
Check if you categorized a payment as “VAT final payment”. If so, change the category to the correct frequency.
Why do my tax reserves seem too high?
Common reasons include:
the account was not used consistently
external transactions were not taken into account
categories were chosen incorrectly
Why was my tax/VAT payment deducted from “Yours”?
This can happen if payments were categorized for periods before the account was opened, or if a payment had already been recorded for that period, or if there was not enough buffer.
Good to know
The displayed reserves are for orientation purposes only – your money is not blocked.
Review your categories regularly, ideally before the end of the month. This ensures that the correct categories are also reflected in your account statement.
You can reset your tax reserves under Settings → Income tax, for example after making a tax final payment for a year prior to account opening.
If your question is not answered here, please contact us and ideally include a screenshot of your sub-accounts (“Yours”, “Tax”, “VAT”).