Haven't received your tax assessment yet?
Then you could get refund interest
Created: 05/11/2022, 14:12
By: Andrea Stettner
The tax office sometimes takes a long time with the tax assessment.
This can be worthwhile for taxpayers - after 15 months, interest on the refund is due.
When taxpayers submit their tax return to the tax office, they receive a
tax assessment notice
for the corresponding year shortly afterwards.
They will find out whether they are paying back taxes or getting a refund.
However, tax offices sometimes take a long time with this task - mostly because they are simply overburdened or the tax return was only received shortly before the deadline.
But an objection or a lawsuit before the tax court by the taxpayer can also delay the issuance of the decision enormously.
By the way, this is how you check the tax assessment for possible errors.
If the tax return from the Treasury is delayed, taxpayers can look forward to reimbursement interest.
© Andreas Gora via www.imago-images.de
Who is entitled to refund interest on the tax return?
If the final tax assessment from the tax office is not received
until 15 months after the corresponding tax year
, you are entitled to reimbursement interest from the tax office (e.g. for the tax return for 2021 only after April 1, 2023).
However, this only applies if you are expecting a
tax refund
, informs the VLH wage tax assistance association.
In fact, this right to reimbursement assistance also applies if you
submit your income tax return years later
.
Those who do it voluntarily have four years to do so.
"If you submit your tax return for 2018 in 2022, you will receive interest for the period from April 1, 2020," the VLH informs.
Do I automatically get refund interest paid out?
You don't have to do anything to get reimbursement interest - if you are entitled to the interest, the tax office automatically calculates and pays out the reimbursement interest.
Is refund interest taxable capital income?
Unfortunately, there is also a disadvantage: reimbursement interest, like all other interest, also counts as capital income.
They must therefore be
stated
and taxed in the tax return
(a flat rate of 25 percent plus soli and church tax).
Insurance, on the other hand, is often tax deductible.
(as)