Set up the ICP declaration

For the ICP declaration, record the declaration period and the name and address details.

Depending on your situation, the ICP declaration period is monthly, quarterly or annually. Monthly is always permitted, but the other declaration periods are subject to some conditions. That is, unless you have a VAT declaration period of a year, in which case the ICP declaration is also done annually. Please refer to the tax authority's website for the various declaration periods.

Note:

If you are not submitting an ICP declaration because you do not conduct any business with companies in other EU countries, you should still enter a declaration time frame (our advice is 'year'). In Profit, it is not possible to completely disable the creation of ICP declarations by leaving all the fields empty. In that case, you have to finalise the annual ICP zero declaration but you do not submit it.

To set up the ICP declaration:

1. Go to: Financial / Management / Administration settings.
2. Go to the tab: ICP.
3. In Declaration period, indicate how often you submit an ICP declaration: once a month, once a quarter or once a year.
4. Enter your name and the address, postal code, city and phone number of your company (the taxpayer).
5. Go to the tab: VAT to specify your VAT declaration settings if you have not yet entered them.
6. Click on: OK.
7. Click on: OK.