A deed of estate inventory is late, incomplete or incorrect, or has not been filed at all

If you file a deed of estate inventory late or the details on the return are not correct or information is missing, you may have to pay a late-filing penalty or a punitive tax increase.

Late-filing penalty

You may have to pay a late-filing penalty in the following situations:

  • You file the deed of estate inventory max. 60 days late.
  • You have filed an incomplete or incorrect return but you correct it to your detriment on your own initiative within 60 days from the deadline.

How much is the late-filing penalty?

The late-filing penalty is

  • €50 for individual taxpayers
  • €100 for companies or corporations.

We will not impose more than one late-filing penalty on one deed of estate inventory. The penalty is stated in the tax decision. We will not contact you before imposing the late-filing penalty, except in special cases.

Punitive tax increase

You may have to pay a punitive tax increase in the following situations:

  • You file the deed of estate inventory more than 60 days late.
  • You make additions and corrections to the deed of estate inventory to your detriment on your own initiative over 60 days after the deadline.
  • The deed of estate inventory contains errors or omissions, and you correct them only after the Tax Administration has sent you a request for additional information.
  • You do not submit a deed of estate inventory to the Tax Administration at all.

How much is the punitive tax increase?

The punitive tax increase is at least

  • €75 for individual taxpayers
  • €150 for companies or corporations.

The punitive tax increase is usually 10% of the added tax, i.e. of the tax that would not have been imposed if the negligence had not been noticed. The increase may also be lower (2% or 5%) or higher (15–50%). How much your tax is increased depends on the type of negligence.

The punitive tax increase is always calculated in accordance with tax bracket 1, even if you are in tax bracket 2.

The Tax Administration will send you a hearing letter before a punitive tax increase is imposed. The punitive tax increase is stated in the tax decision.

Frequently asked questions

You can request an extension

  • for the estate inventory within 3 months of the deceased person’s death
  • for filing the deed of estate inventory within 1 month of the estate inventory.

As a shareholder of the estate or as the, log in to MyTax to ask for an extension of time.

  • Go to the All tax types tab and then click the Activities relating to inheritance tax link under Inheritance tax. After that, click on Extended time for estate inventory or submitting the deed.

If you handle the estate’s affairs as a bank employee, for a legal aid office or if you are a legal counsel, etc., you can log in to the e-services of the Tax Admininstration to request an extension of time.

Alternatively, you can request an extension on Form 3626 (available in Finnish and Swedish, link to Finnish). Remember to enter your contact information and sign the form.

We grant an extension only for a justified reason.

The late-filing penalty or punitive tax increase is usually paid by a party to the estate. However, the penalty may also be imposed on the person who is obliged to report for the estate, even if they are not the taxpayer.

The person who is obligated to file the deed of estate inventory is responsible for its details. The punitive tax increase is not reduced or waived even if the error or omission in the deed of estate inventory was made by the lawyer or some other person who assisted with the estate inventory.

Example: The estate inventory meeting was held on 1 June. The deed of estate inventory must be submitted to the Tax Administration by 1 July. The person reporting the estate is the surviving spouse, who is obliged to submit the deed of inventory to the Tax Administration. The surviving spouse is not the taxpayer.

A) If the surviving spouse submits the deed of estate inventory to the Tax Administration on their own initiative on 10 July, i.e. within 60 days from the deadline for the preparation of the deed, the Tax Administration will impose a late-filing penalty on the surviving spouse.

B) If the surviving spouse submits the deed of estate inventory to the Tax Administration on their own initiative on 15 September, i.e. over 60 days after the deadline for the preparation of the deed, the Tax Administration will impose a punitive tax increase on the surviving spouse.

The late-filing penalty and punitive tax increase also apply to supplementary deeds of estate inventory.

If, for example, you find a bank account belonging to the deceased person a year after the estate inventory, you must supplement the deed of inventory. You must draw up a supplementary deed of estate inventory within one month from learning about the additional assets. The supplementary deed of estate inventory must then be submitted to the Tax Administration within one month.