Have you waited for your 2021 personal income tax refund and still not received it?
There is good news for taxpayers who are still waiting. The tax authorities not only refund the money due, they also owe interest for late payment. The amount is usually small, but it belongs to the recipient and must be paid. This guide explains the exact steps to recover your refund efficiently.
The tax office has already processed about 97.5 percent of the 2021 income campaign returns, meaning more than 13 million taxpayers have received their refunds. If your return is among the remaining 2.5 percent, you can expect that the treasury will not only disburse the owed amount but also pay default interest for the delay.
How much will non-contributory pensions increase in 2023?
The tax authority typically has up to six months to arrange the 2021 income refunds for taxpayers. That deadline would normally be December 31, 2022. If the money has not been returned and the delay is not your fault, you have the right to receive default interest from December 31 until the refund order is issued. There is no need to request the interest actively because the treasury automatically increases the amount owed. For the year 2023, the default interest rate is 4.0625 percent.
Why retirees are lucky
The process is designed to protect taxpayers and ensure timely refunds. When a delay occurs, the treasury covers the interest owed, provided there are no outstanding debts or verification issues that would justify the pause. This framework helps retirees and other beneficiaries recover what is owed with clarity and fairness.
How do you know if the Treasury has to pay you interest for the delay?
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Start by checking the status of your refund on the tax office website. Access can be gained using your cl@vePin, digital certificate, electronic DNI, or by entering your identity data and the reference number of your claim.
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Next, verify that the treasury has not set off against you and that there are no outstanding debts that would block the refund.
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Finally, if there is no valid reason for the money to be withheld, submit the refund request you are entitled to receive.
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When the treasury processes the refund, you will receive a notification confirming the payment and any applicable interest.
Pensioners left without a pension payment in January 2023
In short, if you have not received your income tax refund, it is important to follow the proper steps to reclaim your money. Check the refund status on the tax office website, ensure there are no outstanding debts to the treasury, and proceed with the refund request you deserve. Remember this: default interest is automatically added without requiring a separate claim.