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How the tax estimation works

Updated over 3 weeks ago

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”).

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