What are the consequences if I submit my tax return late?
December 6, 2023 | 40,00 EUR | answered by Zofia Schulz
Dear tax advisor,
I have a question regarding my tax return and the possible consequences that could arise if I submit it late. Currently, I am in a very busy phase at work and unfortunately have not been able to gather and submit my tax documents on time. I am very worried about the potential impact of submitting my tax return late and how I can avoid any problems.
The deadline for submitting my tax return has already passed several weeks ago and I am afraid that I am in arrears. I would like to know what legal or financial consequences could arise if I submit my tax return late. Are there any fines that I may have to pay, or could I face legal repercussions?
Furthermore, I am unsure if I can still submit my tax return within a certain timeframe without facing serious consequences. Are there any options to salvage the situation, and what is the best course of action to submit my tax return as soon as possible?
I would greatly appreciate a detailed consultation on this matter, as I am very concerned about the legal consequences of a late tax return. Thank you in advance for your support and assistance.
Sincerely,
Clara Klein
Dear Mrs. Klein,
Thank you for your inquiry regarding the possible consequences of submitting your tax return late. I understand your concerns and will try to provide you with all the relevant information on this topic.
First of all, I must mention that the deadline for submitting the tax return in Germany is usually July 31 of the following year. If you fail to meet this deadline, you will be in default. In this case, the tax office can impose default interest of 0.5% per month on the amount still to be paid. These interests can quickly add up, so it is important to submit the tax return as soon as possible.
Furthermore, the tax office can impose a default penalty for a late submission of the tax return. This penalty is usually between €25 and €250, depending on how long the delay has been. The default penalty is a kind of fine that can be imposed in addition to the default interest.
In particularly serious cases, the tax office can also impose a coercive fine to force you to submit the tax return. This coercive fine can amount to up to €25,000 and is usually imposed when you repeatedly submit your tax return late.
To remedy the situation and avoid further consequences, you should submit your tax return to the tax office as soon as possible. Even if the deadline has already passed, it is better to submit the documents late than to further delay the situation. If you need help with preparing the tax return, I am happy to assist you.
It is important to be aware that a late submission of the tax return can have not only financial but also legal consequences. Therefore, it is advisable to take this matter seriously and act promptly.
I hope this information helps you and I am available for any further questions you may have. Thank you for your trust and inquiry.
Best regards,
Zofia Schulz
