The financial sector and taxation
Current issues in the financial sector
The OECD has published the TRACE XML Schema on its website. The OECD’s Schema will also act as a basis for the Finnish Tax Administration’s version of the Schema. The Finnish version of the XML-Schema will include some national exceptions. The Finnish Tax Administration will publish its own version of the XML-Schema as well as related technical guidance this spring.
The tax administration reminds the participants in the process of taxing non-cash dividend of the guidance given in summer 2019.
A live event to be organised for issuers (On February 5th 2020)
- Guidance on how to withhold tax on dividends paid to a Finnish tax resident shareholder when the underlying shares are nominee-registered has been published
- The government proposal to amend tax legislation, including the Act on the Taxation of Nonresidents' Income, has passed in the Parliament of Finland
Newsletter for the financial sector
The newsletter includes information on current tax matters and upcoming legislative changes relevant for businesses operating in the financial sector. The newsletter is published in Finnish, Swedish and English.
Legislative change and nominee registered shares
- The content and status of the proposal - only available in Finnish (Ministry of Finance)
- For more information, please contact: financialsector(a)vero.fi
Find out how different actors in the financial sector are defined with respect to taxation and depending on the context.
Learn more about nominee-registered shares, tax-at-source, annual information returns, etc.
The legislative change will impact the taxation and taxation procedure of dividends paid to nominee-registered shares.
Holder of a custodial nominee account? Register into the foreign custodian register.
Insurance business running companies and insurance providers, both Finnish and foreign companies located in the EEA, are usually obliged to report and to pay insurance premium taxes in Finland.
The site is currently being updated. More information will be added on the following areas: tax on insurance premiums and income taxation.