This guidance is for individual taxpayers and for the self-employed. Guidance on tax refunds paid to corporate entities is available here.
If you have paid too much tax in withholding or prepayments, we refund the excess back to you when the tax year is over. Refunds are paid to taxpayers on different dates, depending on when their tax assessment process is completed. You can see the date and amount of your refund in MyTax and on the tax decision.
There is no longer a single refund date for all taxpayers. Most individual taxpayers get their tax refund in August or September, and the year’s last refunds will be made in December.
The refund date varies by the end date of your tax assessment process. It ends at different times for different people. The end date valid for you is stated in your tax decision.
|End month of tax assessment||Date when refund is paid to bank account|
|May||6 July 2020|
|June||4 August 2020|
|July||4 September 2020|
|August||6 October 2020|
|September||4 November 2020|
|October||4 December 2020|
If you or your spouse made changes to the tax return, the payment date of a tax refund will change. Its amount may change as well. We will send you a new tax decision with information on the amount and date in late October if not earlier.
Another reason that your refund date is postponed may be that the Tax Administration does not have your correct bank account number. Yet another reason may be that we cover some unpaid taxes with the amount that would otherwise be refunded.
The Tax Administration pays interest on refunds. However, the interest is not shown on your tax decision. Instead, the Tax Administration will add the interest to your refund when paying it. In 2020, the interest rate is 0.5%.