Tax refunds – corporate taxpayers

When are tax refunds paid out?

Corporations and joint administrations, i.e. limited liability companies, cooperatives, associations and foundations, have their own tax refund dates.

Tax refunds for corporations are paid out on the fifth day of the second month following the completion of the corporation’s tax assessment. If the fifth day is not a business day, the refund is paid on the next business day.

How much will I be refunded?

When the tax assessment has been completed, you can check your tax refund in MyTax or the tax decision sent to you by post. The Tax Administration pays credit interest on refunds. In 2025, the rate for credit interest is 2.5%.

Please note that if the Tax Administration has used your tax refund to cover your overdue taxes, this is not reflected in the refund amount you see on the front page of MyTax. To check how the Tax Administration has used your tax refund, go to the “Payments and refunds made” under Payment status.

Instructions:

How to check your tax refund in MyTax

Visit MyTax to see how your tax refund has covered your unpaid taxes

Which bank account is the refund paid into?

Your tax refund is paid into the bank account you have given to the Tax Administration. Check that the bank account number you have given is correct. You can check the account number in MyTax, the pre-completed tax return or the tax decision.

Submit a new or changed bank account number in MyTax, if necessary. The bank account number cannot be submitted by telephone or email.

Paper forms can only be used for submitting the bank account number if there is a special reason, such as technical difficulties. Read more: Corporate taxpayers’ bank account notice (7209).

The account number of a limited company, a public limited company or a non-profit association can be changed in MyTax only by the individual who has been entered in the trade register as the representative of the company or association (e.g. the Managing Director). This means that an agent with the “Managing tax matters” authorisation cannot change the company’s bank account number in MyTax.

Why didn’t I receive the refund in my bank account?

Examples of situations where you do not receive the refund in your bank account:

• The bank account number you have given us is incorrect; for example, the bank account has been closed.
• You have not given us a bank account number at all.
• We have used the refund for your overdue taxes. Read more about using refunds to cover unpaid taxes.
• The enforcement authorities have used your tax refund to cover your debts.
• The refund is less than €10.
• You have not submitted the required tax returns (such as the VAT return) or they have been incomplete.

Using a tax refund for your overdue taxes

If your tax refund has been used for your self-assessed taxes, such as value added tax or employer’s contributions, your own payment intended to be used for them remains unused.

The unused payment will either be kept waiting for upcoming taxes or be refunded into the company’s bank account. This depends on the refund option and refund limit you have selected in MyTax. You can ask the payment to be refunded in MyTax: How to change selections relating to refunds of self-assessed taxes in MyTax.

Before a potential refund, the Tax Administration will use the amount to cover your other overdue taxes, or the amount may be distrained.

• Read more about refunds of self-assessed taxes
• Read more on how refunds may be used as payment for unpaid taxes

If the tax refund has been used for prepayments, the payment you have made will be used for your next upcoming prepayments or other income taxes in the order of due dates. Log in to MyTax to check the amount and due date of your next prepayment.

Money orders

If the Tax Administration does not have your bank account number on record, we will write out a money order. This is often also called a cash delivery and it means that the refunds to those taxpayers will be distributed through Nordea Bank. To create a money order requires that you have a postal address in Finland.

After receiving the letter containing the money order, there are two alternative options:

1. Submit your bank account number in MyTax. After that, you can just ignore the money order. The sum of the money order will remain in Nordea for 28 days before Nordea returns it to the Tax Administration. After we receive it, you will need to wait for approx. one week, and then we can transfer the refund to your bank account.
2. Visit Nordea Bank to redeem the money order. Visit Nordea’s website to read instructions for redeeming it.

Refunds below €15 will not be paid by money order. If you know that your upcoming tax refund is a low amount and you still want the bank to deliver it to you, please contact our taxpayer service.