Check and report the information on your investments to the Tax Administration, if necessary.

Some of the information on your investments may be shown in the pre-completed tax return automatically. In that case, it is enough if you check the information.

Review and, if necessary, report additional information on all profits and losses from your investments, both in Finland and abroad. Make sure that the Tax Administration has the correct information on:

your capital gains or losses from sold corporate stock and fund shares
your dividend income
the profits from your investment fund shares
the profits in your equity savings account, if you withdrew money from it
income in the form of revenues from life insurance contracts, either investment-based or savings-based (including a “shell” contract)
the profits from a capital redemption policy.

If you have sold shares or other securities through a foreign remote intermediary, also report the profit or loss from these transactions. The Tax Administration receives information about securities trading abroad and monitors that the details of these transactions are submitted to the Tax Administration.

Check your pre-completed tax return

Check that the information in the pre-completed tax return you received in the spring is correct. Report missing information and correct inaccurate information related to your investments either in MyTax or with a paper form. Provide information on the day indicated on your tax return at the latest.

Report the information on your investments in MyTax

How to file the selling of securities in tax return

If you provide information on your investments on a paper form, always use the correct form:

Use form 9A (Capital gains and capital losses from trading with securities) for reporting all gains and losses due to the sale of securities in Finland and abroad. Also use this form to report any sales carried out through a remote intermediary in a foreign country (for your other capital income received through a foreign remote intermediary, complete Form 16B).
Use form 50B (Capital income and deductions) for reporting dividends and profit shares of investment funds
Use form 16B (Statement on foreign income (capital income)) for reporting any dividends and profit shares of investment funds you have received from abroad, as well as any taxes you have paid abroad.

Do not forget to deliver the paper forms to the Tax Administration on time. Please note that they must arrive on the date indicated on your tax return at the latest. How to declare with paper forms

Tax-exempt sales profits must also be reported to the Tax Administration

Check the pre-completed tax return to ensure that sales of shares under EUR 1,000 are also included in the tax return. Complete the information, if necessary. Sales profits are tax-exempt if the total price of shares you have sold during a calendar year was EUR 1,000 at maximum.

Read more about tax-exempt sales profits in section 3.2 ‘Pienet luovutukset’ of the detailed tax instructions ‘Arvopaperien luovutusten verotus‘ (in Finnish).

Save the documents

Remember that you must keep the information needed to calculate the sales profits and losses from your securities for 6 years, starting from the beginning of the year after the end of the tax year.

If you use a securities account, i.e. an electronic stock portfolio, in your investments, it is enough to keep the related account statements. If you have investment fund shares, keep the reports you receive from the fund management company.

Store the documents either on paper or in electronic format. It must be possible to print out the electronic documents on paper if necessary.

Read more about the obligation to keep records in section 5 ‘Muistiinpanot’ of the detailed tax instructions ‘Verovelvollisen ilmoittamisvelvollisuus’ (in Finnish).

Frequently asked questions

Yes, you can. On 29 October 2024, the estate administrator of Injeq Plc issued a notice stating that the shareholders and convertible bond holders will not receive any proportional shares. If you have owned this company’s shares or convertible bonds, you can deduct capital loss from the shares and bonds on your pre-completed tax return for 2024.

Your capital loss is the purchase price you have paid for the shares or convertible bonds. You can add to the amount the acquisition costs, such as brokerage fees, that you paid when you bought the shares or bond. If you received the shares or bond as an inheritance or a gift, your capital loss is the tax value of the shares in inheritance or gift taxation.

How to report the loss on the tax return

Because Injeq Plc was not listed on the stock exchange, the loss is reported under Capital gains (not under Profits from selling securities) on the tax return.

If the capital loss is included in your pre-completed return, please check the details. In the case of bankruptcy, the selling price is €0. Check the purchase prices and acquisition costs of the shares and make corrections if needed.
If only the selling price (€0) is given on your tax return, add the purchase price and acquisition cost in MyTax.
If there is no information about these shares or convertible bonds on your tax return, report the purchase price, acquisition cost and selling price in MyTax. The selling price is €0, and the selling date is 29 October 2024.

If you cannot use MyTax, fill in Form 9 Capital gain or capital loss. The form is for reporting capital gain or loss from non-listed shares.

See the more detailed instructions under Capital gain in the instructions for filling in the pre-completed tax return.

It is important to note that CFDs are not virtual currency, so the tax treatment is different from that of the gains and profits you may receive from virtual currencies. The tax rules on capital gains do not apply, and if you made a loss due to a CFD, you cannot subtract the amount of the loss from your profits.

If you make a profit on a CFD, it is taxed as capital income. The tax rate for capital income is 30% up to €30,000. If you earn more, the excess part is taxed at 34%.

Losses incurred from CFDs are not taken into account in taxation – not as capital losses nor as tax-deductible expenses.

Please note that each transaction is processed independently in the taxation of CFDs. This means that any profits made from trading CFDs are taxed as capital income and losses incurred from trading CFDs cannot be deducted from the profits. If you are trading CFDs, you can lose the capital you have invested and still be liable to pay tax for the profit you make.

File your income on a pre-completed tax return

Add up the profits you have made on CFDs and report this sum on your pre-completed tax return in MyTax under Foreign income – Other foreign capital income. If you file on paper, use Form 16B Statement on foreign income (capital income).

Instead, losses or expenses incurred from CFDs should not be filed on a tax return as they cannot be deducted from the profits.

The Tax Administration receives information on income from foreign sources and monitors that the details of these transactions are submitted to the Tax Administration.

For more information, see the Tax Administration’s detailed guidance on the taxation of derivatives (available in Finnish and Swedish)

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