Tax return for general and limited partnerships – instructions

These instructions explain what information general and limited partnerships must file on tax return 6A.

The filer must keep in mind that a business partnership may have three sources of income: business source of income, agricultural source of income and personal source of income. The taxable income and deductible expenses are determined by the source of income. It is therefore important to specify the source of income for all income and expense items. 

File the tax return in MyTax

If you have filed your tax return in some other way than in MyTax (e.g. on paper), the data will appear in MyTax after a delay. If MyTax reminds you of a missing return but you have filed the return in another service or on paper, you can ignore the message. The reminder message will disappear when the information you have filed is transferred to MyTax. 

General instructions

People holding a certain position in a company (e.g. general partners) can log in to MyTax with their personal e-bank codes or mobile certificate without a separate authorisation.

If the company has authorised an accounting firm or similar to manage its taxes, the accounting firm can request a Suomi.fi authorisation. Read more about the scope of the authorisations and their use in e-services.

Submit a notification of change on ytj.fi or with paper form Y5.

Please note that if you change the accounting period on a tax return that you file on paper, the change is not transferred further. 

The line of business is indicated on the tax return in accordance with the Standard Industry Classification of Statistics Finland.

Submit a notification of change on ytj.fi or with paper form Y5.

Please note that if you change the line of business on a tax return that you file on paper, the change is not transferred further. 

If the partnership agreement is changed, submit the changes to the Trade Register immediately after the new agreement has been signed. Submit a notification of change on ytj.fi or with paper form Y5. Submit a notification, for example, if the partners’ participating interests or related information change.

Submit a new or changed bank account number in MyTax under Taxpayer details.

If you file the tax return and its enclosures on paper, make sure you indicate the business partnership’s name and Business ID on every page. Do not staple the paper forms together. 

You must always sign and date the tax return. A business partnership’s tax return is signed by a person responsible for filing the return, such as a general partner of a general or limited partnership.

Send the tax return to the address indicated on the first page of the form. 

Check the tax offices’ opening hours

Tax return details

The instructions below follow the order of the fields in MyTax. Note that if you file on paper, the headings may be slightly different.

Background

Report here information such as changes to partners’ income shares and payments made to partners’ relatives.

Select a partner and check the details.

Report the following information on each partner:

  • Do you claim a differing distribution of income?
  • Has the partner worked in the partnership during the accounting period?
  • Payments (rents, interest, selling prices, etc.) made to the partner or their relative during the calendar year

Note that the filer must answer the question “Is the balance of the general partner’s private account at the end of the accounting period 0?” The information is mandatory. You must answer the question in order to move on in MyTax.

Do not report here
• changes to partners
• changes to a limited partner’s input and to an interest rate
• profit shares
• private cash withdrawals and private investments.

Further, do not report here any payments on which the payer must file an annual information return or file a report to the Incomes Register. Examples of such payments include wages, fringe benefits and interest.

If you submit partner information on paper, please note that you can file the details of only four partners on Form 6A. If there are more than four partners, fill in Form 72A (Partners of a business partnership, supplement to Form 6A).

Report here the following information only if the partner in whose residential use the apartment has been is a natural person or a Finnish death estate: 

  • full personal ID of the partner who has used the apartment
  • name of the real estate unit, real estate company or housing company
  • period of residential use, i.e. the part of the partnership’s accounting period when a partner or their family has lived in the apartment
  • the value of the apartment or real estate unit used in the previous year's calculation of net worth.

If the partner has used an apartment or a real estate unit included in the partnership's assets as their own apartment, the apartment's value is subtracted from the partner's share of the partnership's net assets in the calculation of the partner's share of capital income. 

Specify here the partnership’s equity as recorded in the accounts. 

Investments by limited partners, starting balance

Enter here the amounts of capital that limited partners have invested in the company in cash or otherwise. Enter the amounts at the beginning of the accounting period.

Change to investments by limited partners

Report here the changes to limited partners’ capital investments that have taken place during the accounting period. If the investments have decreased, mark the negative figure with the minus sign (-).

Other equity, starting balance

Fill in the amount of the partnership's other equity at the beginning of the accounting period. This includes the profit or loss from previous accounting periods and the difference between the general partners’ capital investments and their cash withdrawals for private use. If the amount of other equity is negative, mark the negative figure with the minus sign (-).

Distribution of profits to limited partners

Enter here the profit share paid to limited partners. The profit share is based on the amount that the limited partner has invested in the partnership.

Note that the limited partner’s share of income is not included in this amount. 

Read more about the difference between the profit share and the income share (linkki)

Private withdrawals and private investments by general partners

Report here the difference between private withdrawals and private investments if the general partners have made such withdrawals and investments during the accounting period. If the amount of withdrawals is greater than the amount of investments, mark the negative figure with the minus sign (-).

Gain or loss for accounting period as recorded in the accounts

Enter here the profit or the loss for the accounting period as recorded in the profit and loss account. Mark a negative figure with the minus sign (-)

Total equity

MyTax calculates this automatically.

If you file on paper, enter here the positive or negative amount of equity at the end of the accounting period. Mark the negative figure with the minus sign (-)

If the partnership's equity is negative due to cash withdrawals for private use and if it has been necessary to take out a loan to fund the withdrawals, part of the partnership’s liablities are attributable to the funding of private withdrawals rather than to the operation of business. This part of the interest expenses cannot be deducted from the parthership’s business income (§18, subsection 2, act on business tax [Laki elinkeinotulon verottamisesta 360/1968]). Calculate and report the amount of non-deductible interest. MyTax will calculate part of the amounts and subtotals automatically.

  • Negative equity as recorded in the balance sheet: MyTax will calculate the amount based on the information you have already submitted.
  • Add the capital investments made by limited partners.
  • Add revaluations included in the partnership’s equity.
  • MyTax will automatically subtract the loss for the accounting period.
  • Enter any losses from previous accounting periods not offset by retained earnings.

Based on the above information, MyTax will calculate the amount for Adjusted negative equity (calculation).

Go to Calculation of non-deductible interest expenses.

Enter the adjusted negative equity. At “Basic interest rate + 1%”, enter the basic interest rate to which you have added 1 percetage point. In 2021, the basic interest rate was -0.5%.
The resultant amount is interest that cannot be deducted from business income. Keep this in mind when you enter interest expenses at Profit and loss account, section Interest expenses, taxation.

Calculation of taxable income

Business source of income

Business income

Enter here net sales for the tax year. Net sales comprise sales revenue from the partnership's primary operation minus the discounts granted, the value added tax and other taxes that are based directly on sales volumes. 

Note that dividends and cooperative surplus from the business source of income are reported under Financial income: Dividends and cooperative surplus received.

Enter here a VAT relief for small business, and business-related grants and subsidies directly recorded as revenue. Such grants and subsidies are awarded by the Ministry of Economic Affairs and Employment, the Ministry of the Environment, and Business Finland, for example.

If the partnership has received financial support from a public authority for acquiring fixed assets, record them as a deduction for the acquisition cost of fixed assets.

Enter here other taxable business income that is not reported elsewhere on the tax return. Examples of such income include capital gains on fixed assets, and damages received.

Financial income

Enter here the total amount of dividends and cooperative surplus received from the partnership’s business operations. 

Open Form 73B in MyTax (or complete Form 73B on paper) to give details.

When assessing the taxes of a partnership partner, the Tax Administration automatically deducts the tax-exempt portion of the dividends and cooperative surplus. The deduction is made from the partner’s share of income received from the partnership. The Tax Administration calculates the deduction on the basis of the information provided on Form 73B. 

Read more about the taxation of dividends and surplus (in Finnish and Swedish, links to Finnish):

Enter here the taxable interest income received from the partnership’s business operation, such as interest income on bank balance and deposits. 

Enter here the partnership’s profit shares from other partnerships. Enter the amounts as they are recorded in the accounts.

A profit share received from a partnership is tax-exempt income for the recipient. However, the recipient is taxed on their share of income from the partnership, which is reported under Taxable portion of income shares. 

Enter here taxable income shares from both domestic and foreign partnerships and from financial interest groupings in Europe. Income shares are calculated according to the act on income tax (§ 16 and § 16a).

If the income shares are not yet known, leave the field blank and do as described below.

Domestic partnership: The Tax Administration considers the income shares based on the information it receives from domestic partnerships distributing income shares. Check the tax decision to ensure that all the income shares have been included in the partnership's profit and loss for the tax year. 

Foreign partnership: Add the income shares to the tax return as soon as they are known. Check the tax decision to ensure that all the income shares have been included in the partnership's profit and loss for the tax year.

Enter here your income from capital redemption policies and from certain endowment insurance and pension insurance policies (§ 35 subsection 1 and § 35 b of the act on income tax [Tuloverolaki 1535/1992]). Enter the amount of income as recorded in the accounts.

Enter here the taxable portion of income from capital redemption policies and from certain endowment insurance and pension insurance policies (§ 35 subsection 1 and § 35 b of the act on income tax).

Tax must be paid on amounts received on the basis of capital redemption policies and endowment insurance policies that belong to the business source of income and have no guaranteed rate of interest (for more information, see § 35, subsection 1, act on income tax). Examples include insurance payments and surrender values. The recipient’s income subject to tax is a proportional amount of the income on the remaining amount of savings on the date of payment. The income is always treated as income for the year of payment. 

Taxable income also includes income received on the basis of an endowment policy, a capital redemption policy or a pension insurance policy referred to in § 35 b of the act on income tax and calculated as laid down in § 35 b of the act. 

If you have a capital redemption policy with a guaranteed interest rate, you will receive an agreed annual revenue consisting of guaranteed interest and, potentially, a bonus. The interest and bonus are treated as income for the tax year during which they accrue.

Read more

Enter here other financial income subject to tax, such as exchange rate gains. 

Enter here any revaluation gains, as recorded in the accounts, from 

  • financial assets (§ 5 a, paragraph 1, act on business tax) 
  • current assets (§ 5 a, paragraph 3, act on business tax) 
  • fixed assets (§ 5 a, paragraph 5, act on business tax). 

Enter here the taxable portion of the revaluation gains.

Adjustments of previous write-downs, i.e. revaluation gains, are usually fully subject to tax. However, they are regarded as tax-exempt income in cases where the corresponding historical write-down has not been approved as a deductible expense. 

Enter here any decreases of reserves as recorded in the accounts. Also fill in Form 62 to specify the reserves as recorded on the balance sheet at the end of tax year.

In MyTax, you can find Form 62 at Profit and loss account, section Depreciation. You can find changes to reserves under Financial expenses.

Enter here the taxable portion of the decreases of reserves. The following items, for example, are subject to tax: 

  • operating reserve recorded as revenue (§ 46 a, act on business tax) 
  • unused replacement reserve (§ 43, act on business tax) 
  • a warranty reserve recorded by a company operating in construction, shipbuilding or metal industry insofar as the reserve exceeds the expenses arising from warranty repairs (§ 47, act on business tax).

Income entry for private use if expenses for private use have been deducted in accounting

Partnership partners’ private expenses are not deductible in the business partnership’s taxation. For example, if a partner has used the partnership's property or products manufactured by the partnership for private purposes, the expenses are not deductible to the partnership. If the expenses for private use have been deducted in accounting, record the portion related to private use as revenue here. 

If the costs for private use of a car are included in the expenses deducted in accounting, enter here the portion corresponding to the private use. 

The private use of a car means, for example, driving between home and work in a car that is in the partnership’s ownership or possession. 

Enter the original purchase price, without VAT, for goods used for private purposes. 

Report here other types of private use, such as the use of a business-related telephone, real estate unit, holiday home or boat for private purposes. 

If a partnership partner uses a business-related real estate unit, for example, for private purposes, report here the portion of the expenses and depreciation that corresponds to the private use. 

Tax-exempt income

Report here the total amount of tax-exempt income recorded in the profit and loss account. 

Examples of this kind of income include film production aid and foreign income subject to the exemption method.

If you report Foreign income here, open Form 70 in MyTax (or complete Form 70 on paper) to give details.

Also answer the additional questions at Other clarifications and financial statements, section International operations:

  • Does the partnership have international operations?
  • Does the partnership claim credit for taxes paid to another country?

Note, however, that if you have received foreign income, you must always report the gross amount on the tax return.

Business expenses

Materials and services

Enter here the acquisition cost of the goods sold during the acconting period. 

Calculate the acquisition cost by adjusting the purchases made during the accounting period with the changes in the inventory of finished goods and of goods in progress (initial inventory + purchases during the accounting period - final inventory). 

Enter here the expenses for external services.

External services include such services, work and subcontracting relating to your primary operation for which you have paid to an external service provider. 

Staff expenses

Enter here the wages and compensation paid by the partnership. 

Enter here the pensions and indirect wage expenses paid by the partnership. 

The indirect wage expenses include insurance contributions and other such payments relating to the employees’ and their family members’ pension, sickness and disability benefits and the like. 

Depreciation and reduction in value of fixed assets

Enter here planned depreciation and changes in depreciation differences burdening the result. 

Open Form 62 in MyTax (or complete Form 62 on paper) to give details. Specify the depreciation, increased depreciation and “unused depreciation” referred to in the act on business tax.

Enter the following amounts in the specification: 

  • The deductible portion of the depreciation under the act on business tax (§ 24, § 30–34 and § 36–41). The deductible portion cannot exceed the maximum depreciation laid down in the act.
  • Any increased depreciation on investments in machinery and equipment.
  • “Unused depreciation”, i.e. depreciation that has been made but not effected in previous years and that the partnership wants to deduct in the tax year. 

If the partnership has unused depreciation, open Form 12A in MyTax (or complete Form 12A on paper) to give details.

Read more

Does the partnership have unused depreciation?

If the partnership has unused depreciation, open Form 12A in MyTax (or complete Form 12A on paper) to give details.

Enter here any unused depreciation, i.e. depreciation that has been made but not effected in previous years and that the partnership wants to deduct in the tax year. 

Note that the amount deducted for the tax year must also be contained in the Normal depreciation section of the same group of fixed assets submitted on Form 62.

If the partnership has unused depreciation, open Form 12A in MyTax (or complete Form 12A on paper) to give details.

Enter here any unused depreciation, i.e. depreciation that has been made but not effected in previous years and that the partnership wants to deduct in the tax year. 

Note that the amount deducted for the tax year must also be contained in the Normal depreciation section of the same group of fixed assets submitted on Form 62.

Enter here any reductions in the value of fixed assets that you have not reported under depreciation (§ 42, act on business tax).

Enter here the deductible portion of the reduction in the value of non-depreciable fixed assets (§ 42, act on business tax).

The decuctible portion only includes write-downs recorded on securities other than shares and on non-depreciable fixed assets other than land. A requirement is that the fair market value of the assets at the end of tax year is substantially lower than the undepreciated acquisition cost. 

Other business expenses

Enter here the total amount of entertainment expenses as recorded in the accounts.

The tax-deductible portion is 50% of the expenses.

MyTax calculates the portion automatically.

Read more about entertainment expenses

Enter here the business-related rents paid by the partnership, such as rents for space and equipment. 

Enter here such other deductible business expenses that are not included in any of the other expense items in the calculation of taxable income. Examples of such expenses include: 

  • travel expenses 
  • motor vehicle expenses 
  • leasing fees. 

Non-deductible expenses

Enter here direct taxes as recorded in the accounts.

Do not include direct taxes in any other expense items of the calculation of taxable income. 

Note that the real estate tax on a real estate unit in business use is reported at Other business expenses, section Other deductible business expenses.

Enter here the following items deducted in accounting:

  • fines
  • penalty fees 
  • punitive tax increases
  • surtaxes
  • penalty interest
  • late-filing penalties
  • late-payment interest
  • late-payment interest with relief
  • other monetary penalties that are non-deductible in taxation.

Do not include fines and other penalties in any other expense items of the calculation of taxable income. 

Enter here such other expenses recorded in the accounts that are not tax-deductible.

Do not include non-deductible expenses in any other expense items of the calculation of taxable income. 

Such expenses include:

  • partnership partners’ direct taxes, if recorded in the partnership’s accounts 
  • expenses attributable to foreign-sourced income subject to the exemption method.

If you report Foreign income here, open Form 70 in MyTax (or complete Form 70 on paper) to give details.

Also answer the additional questions at Other clarifications and financial statements, section International operations:

  • Does the partnership have international operations?
  • Does the partnership claim credit for taxes paid to another country?

Financial expenses

The total amount of interest expenses deducted in accounting. 

Enter here the interest expenses whose deductibility in the tax year is limited under § 18 a of the act on business tax. Under § 18 a of the act, deductibility of net interest expenses exceeding €500,000 is limited in certain circumstances (with the exceptions provided for in § 18 b of the same act).

If you enter here interest expenses with limited deductibility, also answer the additional question displayed in MyTax at Other clarifications and financial statements, section Does the company have to submit an account of net interest expenses in business operations (Form 81)? Open Form 81 in MyTax (or complete Form 81 on paper) to give more detailed information.

On Form 81, a partnership can also claim a deduction for net interest expenses from previous years that have been non-deductible.

Read more about the limited deductibility of interest expenses (available in Finnish and Swedish, link to Finnish) 

Enter here the deductible portion of the interest expenses in the tax year. To calculate the deductible portion, take the interest expenses as recorded in the accounts and deduct the interest expenses with limited deductibility that you reported above (§ 18 a, act on business tax) and the other interest expenses that are non-deductible in taxation (§ 18, subsection 2, act on business tax).

The portion of non-deductible interest under § 18, subsection 2 of the act on business tax has been calculated at Background (Calculation of adjusted negative equity).

Please note that the amount of non-deductible interest cannot be higher than the interest expenses in total.

Enter here other financial expenses as recorded in the accounts, such as: 

  • loan management fees 
  • limit fees 
  • guarantee fees 
  • credit insurance expenses 
  • mortgage expenses 
  • recovery and collection expenses 
  • exchange rate losses. 

Enter here the deductible portion of the financial expenses related to business operations.

Only expenses attributable to business operations can be deducted as business expenses. 

Do not report here non-deductible financial expenses, such as expenses for funding a partnership partner’s withdrawals for private use. 

Enter here increases in voluntary reserves as recorded in the accounts. 

If you report an amount here, open Form 62 in MyTax (or complete Form 62 on paper) to give details. In MyTax, you can find Form 62 at Profit and loss account, section Depreciation.

Enter here the deductible portion of the increases in voluntary reserves. 

Reserves deductible to business partnerships under certain conditions include: 

  • replacement reserves (§ 43, act on business tax) 
  • operating reserves (§ 46 a, act on business tax) 
  • warranty reserves (§ 47, act on business tax). 

In MyTax, you can find the changes of reserves under Financial expenses.

Enter here any deductible expenses that are not included in the profit and loss account for the accounting period. Examples of such expenses include a training deduction and an additional deduction for research and development. If you report expenses here, also answer the additional questions displayed in MyTax:

  • Do the deductible expenses not entered in the accounts include a claim for a training deduction in business operations?
  • Are you claiming an additional deduction for research and development?

If you answer Yes to either of the two questions, also submit more detailed information. Report the information in a specification:

  • if you are claiming a training deduction, give details on Form 79A in MyTax (or complete Form 79A on paper)
  • if you a claiming an additional deduction for research and development, give details on Form 67 in MyTax (or complete Form 67 on paper).

Read more

Personal source of income

The personal source of income includes rental income from apartments rented out to third parties, interest collected from a partner who has borrowed cash from the partnership, and capital gains and capital losses from selling assets belonging to the personal source of income.

If the partnership has income, expenses or capital gains from a personal source of income, open Form 7B in MyTax (or complete Form 7B on paper) to give details.

If you file capital gains and capital losses, report them separately under Capital gains and losses. Do not report them under Income and Expenses. At Allowable capital loss from previous years, report the allowable capital loss from the previous five years that has not yet been deducted in taxation.

Note that the following information is not reported in this section:

  • dividends and cooperative surplus belonging to a personal source of income
  • expenses reported as expenses from a business source or an agricultural source.

Enter here the total amount of the dividends and cooperative surplus from a personal source of income paid to the partnership.

If the partnership has dividends and cooperative surplus from a personal source of income and you enter an amount here, please also answer the additional questions displayed in MyTax at Other clarifications and financial statements, section Has the partnership received dividends or cooperative surplus? Open Form 73B in MyTax (or complete Form 73B on paper) to give details.

The dividends and cooperative surplus belonging to the partnership’s a personal source of income will be taxed as the partners’ income in proportion to their shares of the partnership's income.

Read more about the tax treatment of dividend income, section 4.

Agricultural source of income

For example, the partnership may have received sales revenue from domestic animals, domestic animal products and crop cultivation. Agricultural expenses may include acquisition costs of domestic animals and wages paid.

If you report information here, open Form 7C in MyTax (or complete Form 7C on paper) to give details.

Do not report here any expenses that you report as expenses from a business source or a personal source.

Calculation of net worth

The ‘Calculation of net worth’ section is for reporting the business partnership's assets and liabilities. The information is reported by source of income: business source of income, personal source of income and agricultural source of income have their own sections in the tax return. For each asset and liability item in your reporting, there must only be one related source of income.

The calculation of net worth also covers the business and the agricultural sources of income. The principle of calculation is to subtract the source of income’s liabilities from the same source's assets. The result – the net values specific for business and agricultural sources – is used when assessing the income taxes for each individual shareholder, in order to determine how much of the income from business activities and taxable income from agricultural activities are earned income and capital income.

There is no need to calculate the difference between the assets and liabilities of the personal source of income because for the individual shareholder, any income from a personal source is taxed in full as capital income.

Business assets

Fixed assets

Fixed assets include assets for permanent use in business. For purposes of taxation, fixed assets are divided into non-depreciable and depreciable fixed assets. The acquisition cost of non-depreciable fixed assets may usually not be depreciated during the period of ownership.

Depreciable fixed assets include buildings, machinery and equipment, other goods, patents, soil removal sites and other intangible rights that can be assigned separately.

Non-depreciable fixed assets include land, securities and the like.

Fill in Form 62 (Reserves, revaluations and depreciation of fixed assets) to itemise the depreciation of fixed assets and the changes in depreciation difference. In MyTax, you can find Form 62 at Profit and loss account, section Depreciation.

Enter here the total value of intangible assets undepreciated in income taxation.

Intangible assets include: 

  • patents
  • copyrights 
  • trademarks 
  • licence fees 
  • licences 
  • license fees for computer software. 

Enter here the total value of any long-term assets with a net asset value that have not been depreciated in income taxation.

Long-term assets refer to expenses that accrue or retain income for three or more years. Of these, only such capitalised assets that must be capitalised according to the act on business tax, i.e. that cannot be deducted as annual expenses, are treated as assets. They include the improvement costs for rental apartments and the cost of acquisition of business value (§ 24, act on business tax). 

Do not enter here any expenses that arise from setting up and organising a business or that relate to research and product development (§ 25, act on business tax). They do not need to be capitalised and are not taken into account in the calculation of net worth. 

Enter here the total value of real estate undepreciated in income taxation.

A real estate unit comprises a ground area and the buildings on it. According to § 6 of the act on income tax, a real estate unit also refers to a building, structure or other facility that is located on another owner's land and that can be transferred to a third party without consulting the landowner in such a way that the right of possession of the land is also transferred. 

Enter the value of each real estate unit using either the undepreciated acquisition cost or the comparison value, whichever is higher. The comparison value is the taxable value of the tax year whose end date is used in the calculation of net worth. Make the comparison and select the value separately for each real estate unit.

Open Form 18B in MyTax (or complete Form 18B on paper) to give details.

Enter here the total undepreciated acquisition cost of machinery and equipment. 

Machinery and equipment include: 

  • machines and pieces of equipment 
  • trucks, lorries and vans 
  • passenger cars 
  • professional vehicles (such as tow trucks) 
  • furniture 
  • rentable equipment.

Do not report leased machinery or equipment here.

Open Form 8B in MyTax (or complete Form 8B on paper) to give details. Give details on the securities and book-entry shares belonging to a business source of income, regardless of whether they are fixed assets or financial assets. You can find Form 8B also under Securities included in financial assets.

The purpose is to determine which is greater: the total undepreciated acquisition cost of securities included in fixed assets and financial assets, or the aggregate comparison value.

MyTax automatically regards the greater of the undepreciated acquisition cost and the comparison value as the value of the fixed-asset securities and financial-asset securities.

Enter here other assets included in the fixed assets. 

Examples:

  • gravel pits and clay quarries
  • ore and mineral deposits
  • stone quarries
  • peat bogs
  • railways
  • dams
  • bridges
  • basins.

Also enter here a value for animals used in the business operation on a permanent basis.

Current assets

Current assets refer to products that are meant to be sold or otherwise handed over as part of the business operation. They can be handed over either as such or in a processed form.

Current assets also include fuels, lubricants and other supplies that are meant to be used in the business operation.

When you report the value of current assets, enter the acquisition cost minus any reduction in value (§ 28, subsection 1, act on business tax).

Report here goods acquired from external suppliers and intended to be sold as such in the course of business.

If a business partnership is engaged in wholesale or retail business, the packaging materials acquired for the purpose of selling the goods can also be included in the value of the goods.

Enter here other assets included in the current assets.

Examples include:

  • raw materials and supplies
  • self-make products.

Financial assets

Financial assets include cash, cash equivalents and bank balances, notes receivable, and other such items.

Enter the nominal value for receivables and the acquisition cost for other financial assets. From both values, reductions in value must first be made under § 17 of the act on business tax. If the receivables are in a foreign currency, their value is calculated with the same method as is used in accounting: generally, the exchange rate on the date of financial statements is used.

Enter here the long-term and short-term accounts receivable, instalment accounts receivable and similar.

Enter here the loans receivable.

Do not report here any loan receivables from partners. Instead, report them under Personal source of income. If the partnership has assets or liabilities belonging to a personal source of income, give details in the fields displayed in MyTax.

Enter here any prepayments and accrued income.

Enter here the partnership's cash on hand. Do not report bank deposits here.

Enter here any cash equivalents, such as bank balances, investments and foreign currencies.

Open Form 8B in MyTax (or complete Form 8B on paper) to give details on securities and book-entry shares belonging to a business source of income, regardless of whether they are fixed assets or financial assets.

The purpose is to determine which is greater: the total undepreciated acquisition cost of securities included in fixed assets and financial assets, or the aggregate comparison value.

MyTax automatically regards the greater of the undepreciated acquisition cost and the comparison value as the value of the fixed-asset securities and financial-asset securities.

Enter here such items included in financial assets that you have not reported in the other sections.

Business liabilities

Report here long-term loans from finance companies, long-term debt-factoring debts and other long-term borrowing from financial institutions.

A loan or part of a loan is deemed long-term if it falls due after a period of more than 12 months.

Enter here any short-term loans from finance companies, short-term debt-factoring debts and other short-term borrowing from financial institutions.

A short-term loan means that it falls due after a period of 12 months or less.

Enter here long-term and short-term accounts payable, instalment accounts payable, any accounts payable related to advance invoices, and other accounts payable.

Enter here the amounts that the partnership owes to partners.

Enter here accruals and deferred income.

Examples include:

  • rental income received in advance
  • unpaid, performance-based expenses for the accounting period, such as wage expenses and holiday pay expenses.

Enter here any long-term debt that you have not reported elsewhere.

A debt or part of a debt is deemed long-term if it falls due after a period of more than 12 months.

Enter here any short-term loans from finance companies, short-term debt-factoring debts and other short-term borrowing from financial institutions.

A short-term loan means that it falls due after a period of 12 months or less.

Personal source of income

Receivables from partners and the partnership’s other assets and liabilities that do not relate to its business or agricultural operation belong to its personal source of income.

Also report here as liabilities the portion of adjusted negative equity that exceeds the total amount of business liabilities.

Agricultural source of income

Report assets such as agricultural land, production facilities and agricultural machinery and equipment as agricultural assets. Report liabilities such as the total amount of debt relating to the agricultural operation as agricultural liabilities.

If the partnership has assets or liabilities belonging to an agricultural source of income, open Form 7C in MyTax (or complete Form 7C on paper) to give details.

Other clarifications and financial statements

Other clarifications

Report here the capital gains that the partnership has received during the tax year from securities and real estate included in fixed assets. Capital gain refers to the difference between the selling price and the undepreciated acquisition cost.

Do not enter here the portion of capital gains that has been transferred to a replacement reserve.

Report here the wages subject to withholding that the business partnership has paid within a period of 12 months before the end of the tax year.

In the Tax Administration's calculation of a partnership partner's capital-income share, 30% of the amount of wages reported here is added to the net worth of the business.

If the partnership is claiming a training deduction in agricultural operations, open Form 79A in MyTax (or complete Form 79A on paper) to give details.

Note that a training deduction in business operations is reported at Profit and loss account, section Deductible expenses not recorded in the accounts.

Open Form 67 in MyTax (or complete Form 67 on paper) to give more detailed information.

Read more: Additional deduction for research and development

If you have entered dividends or cooperative surplus received by the partnership at Calculation of taxable income, submit a more detailed specification in MyTax on Form 73B (or complete form 73B on paper).

If the interest expenses exceed €500,000 during the tax year, give details on Form 81 in MyTax (or complete Form 81 on paper).

International operations

Give a more detailed account if the partnership is claiming credit for taxes it has paid abroad, if it has a permanent establishment abroad or if it receives an income share from a controlled foreign company. You can file an account of cross-border hybrid arrangements as an attachment.

Note that if you have received foreing income, you must always report the gross amount on the tax return.

If you file on paper, check the box in section 9 if the partnership has paid taxes in a foreign country during the tax year and you are claiming credit for the foreign tax. Fill in Form 70 Claim for eliminating double taxation. File an account of cross-border hybrid arrangements as an attachment.

In MyTax, select Yes

If you file on paper, check the box if the partnership is a shareholder in a foreign partnership.

Financial statements

Partnerships can decide not to have the accounts audited if no more than one of the following conditions has been fulfilled during both the ended and the preceding accounting period:

  • The balance sheet total exceeds €100,000.
  • Net sales exceed €200,000.
  • The partnership employs more than 3 people on average.

However, an auditor must be appointed if the articles of association, the partnership agreement or the rules of the partnership so require. Further, limitations regarding the corporation’s line of business and influence are provided for in the Auditing Act (chapter 2, § 2, subsection 4).

Enclose the audit report with the tax return only if the acconts have been audited and the report contains any adverse opinions, remarks or additional information as referred to in chapter 3, § 5 of the Auditing Act.

Do not enclose financial statements with the tax return. Under certain conditions, general and limited partnerships are obliged to deliver their financial statements to the Finnish Patent and Registration Office. Note that the Tax Administration does not forward the financial statements to the Patent and Registration Office: the corporations must deliver them there directly.

You can file the partnership’s information in one go or gradually.

Alternative 1: Report the information in one go. Submit the tax return by the due date. We will send you a confirmation of receipt after receiving the return.

Alternative 2: You can make additions and corrections multiple times up until the filing deadline. Remember to submit the tax return every time you have added or corrected something.

If you want to change or add details, open the tax return. After you have filed details on income or deductions, they will be displayed as pre-completed data starting from the next day.

Alternative 3: You can also save the tax return as unfinished and continue later. The saved details are stored for 3 months. Remember to submit the tax return by the due date to deliver the information to the Tax Administration.

Making corrections and adding information

You can add information and correct details on the tax return up until the end of the tax assessment process. The end date for tax assessment is indicated on the tax decision. As a rule, a partnership’s tax assessment is completed between May and October of the year following the tax year. 

A new return always replaces the previous return in full. This means that you must re-submit all the information - not only the details that you wanted to add or correct. You can use the previously submitted details as a template.

When the tax assessment process has ended, you cannot make any corrections. If you need to have something changed, you must submit a claim for adjustment.