Tax refunds - individuals

When are tax refunds paid out?

Tax refunds for the tax year 2017 are paid on 11 December 2018 to the bank account you have reported for refunds. They are paid on the account during the day.

Check your bank account number

Always check the bank account number on your pre-completed tax return or tax decision to make sure it's right. You also can log in to MyTax to check the bank account number currently filed with the Tax Administration. If the bank account number is incorrect, if it has changed, or if you wish to give a new bank account number, file a new account number. You cannot submit a bank account number by telephone. 

•    File the bank account number in my Tax (tax.fi/mytax) 
•    Individual's bank account notice (Form 7208)

To see how much you are refunded, look up the amount on your latest tax decision

The taxation for 2017 is finalised on 31 October 2018. That is also the date when we confirm the final amount to be refunded. The amount is printed on your pre-completed tax return or on a tax decision that you may have received later. 

Why did I not get a refund to my bank account?

If you have not reported your new or changed account number and the refund was paid on a closed account, it returns to the Tax Administration. In that case we send you an account number query. After you have given your new details to us on MyTax, the refund is paid to you in a week.

If you haven't informed us of a bank account number, we pay the refund through a payment order, or a "cheque" through the OP Bank. We pay them in 19 December 2018.

Please note: Contrary to earlier practice, the bank charges a fee for cashing a payment order. On paying out, the OP Bank will charge a payment according to their price list. Due to the fee, the Tax Administration does not pay tax refunds under €15 as payment orders unless the taxpayer requests it.

We will send you a letter informing you of the payment order using your address in our records. You cannot receive the payment order unless your address is in Finland. You can cash the refund at a branch office of OP Group in Finland, where a cashier's desk serves customers, within 28 days of the date of the payment order. For more instructions, refer to the payment order sent by the bank. We recommend bringing along the payment order when cashing the refund.

If you haven't cashed the refund within 28 days, the bank sends it back to the Tax Administration. We send you a letter asking you to give your new bank details online. After that, the refund is paid to you in about a week. Guidance issued by OP Bank on cashing a payment order (www.op.fi)  List of branch offices (www.op.fi).

A refund paid to your bank account will reach you much sooner than a refund via a payment order.

If you are behind in your tax payments, the Tax Administration will apply it against your unpaid taxes. We can also use your refund for covering any third-party tax debts you may be liable for. For example, if you are a partner of a general partnership that has a tax debt and you receive a refund, it may be applied to the unpaid tax debts of the partnership. If this happens, we always notify the recipient of the refund and the party whose tax debt it is applied to.

In some circumstances, the Enforcement Agency may impose a distraint on a refund. The enforcement authority will inform you of this.

The enforcement authority may also use the refund to cover other debts than tax debts. They will inform you if this is the case.

If you have paid too much tax, the extra payment is refunded if it is at least 5 euros. The refund limit for self-assessed taxes is €20.

If you give a quick cash loan company's account number to the Tax Administration, it will stay on our files until you send us a new bank account notice informing us of your own account number.

The Tax Administration's data system has only one bank account number per taxpayer.

Interest on refunds

Refunds for individual taxpayers are credited with interest. Similarly, if a refund is paid due to an appeal or a tax adjustment, the amount will earn interest if there are provisions to that effect in legislation. The interest period usually starts on the date of payment of the tax, and ends on the date of refund. All types of taxes have the same rate of interest. The rate of interest is the reference rate of the Bank of Finland minus 2 percentage points. However, the rate cannot be less than 0.5%. It is reviewed every year. In 2018, the rate of interest on refunds is 0.5%.

The interest period begins from February the year after the tax year and ends on the last day of the month preceding the month when the refund payments are made. For 2017 refunds, the interest period is February 1 to November 30, 2018.

Self-assessed taxes are credited with interest.

The intereston refund is not treated as being part of your taxable income. 

Other types of refunds 

Refunds are also paid out to those whose tax assessment has changed because of an appeal process or readjustment. The change may have been made on the taxpayer's request, or because of a readjustment made by the tax office. We inform the taxpayer about the amount to be refunded. These refunds are usually paid within a week of the date of the decision. We use the bank account number on file.

The refunds are based on an official decision of the Tax Administration or other public authority, and they may concern different types of taxes.

Examples:

  • Decisions made in response to a taxpayer's application or appeal
  • Corrections of refunds applied to other debts
  • Decisions on granting relief
  • Refunds of amounts paid in excess
  • Refunds of amounts paid unnecessarily

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