Did you file your gift tax return late?

You must file a gift tax return within 3 months of the date when the gift was given.

If you file a gift tax return or related information late, the Tax Administration may impose a late filing penalty or punitive tax increase. You may also have to pay a punitive tax increase if the return you file is incomplete or incorrect or if you do not file a gift tax return at all.

If your gift tax return is late by no more than 60 days, you may have to pay a late filing penalty.

The late filing penalty is

  • €50 for individual taxpayers
  • €100 for other taxpayers, such as companies and corporations.

If your a gift tax return is late by more than 60 days, you may have to pay a punitive tax increase.

The punitive tax increase is at least

  • €75 for individual taxpayers
  • €150 for other taxpayers, such as companies and corporations.

If you have a valid reason for filing late – if you are suddenly taken ill or have problems with data transmission, for example – no late filing penalty or punitive tax increase will be imposed. Whenever a punitive tax increase is imposed, the Tax Administration will send you a hearing letter.