Sharing economy

Do you provide passenger transport against payment? Do you rent out your home or part of it? Do you operate a Pop Up restaurant, for example by participating in a restaurant event? Do you keep a blog?

Tax Return on the Web (tax.fi/taxreturn)

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You cannot yet file tax return information over the Web for tax year 2017. We plan to open the e-Service 8.3.2018 for the taxpayers whose personal deadline date for filing a tax return is 3.4.2018 (self-employed traders and self-employed professionals). For other taxpayers, the opening date is at the end of March.

This kind of activity is called the sharing economy: goods and services are provided from one person to another, either free of charge or against a low price. Typically, the activity relies on digital marketplaces.

Examples of services within sharing economy include (Crowd-based passenger transport service) Uber with its non-professional passenger transport services, the rental accommodation provided by Airbnb, Pop Up restaurants and blogs.

The income derived from this activity is subject to income tax, and it must be included in your normal tax returns. However, you are entitled to deduct the expenses that are caused by the production of the income.

Pay the taxes already in 2018 as prepayments or by raising your withholding percentage rate

Tax prepayments

You can report your income already during the income year, so the tax office can determine the appropriate prepayments for you.

Submit information on the income by raising your withholding percentage rate

If your income (subject to prepayments i.e. the income from the activities listed above) is a maximum of €7,000 in total, you can include the income on your tax card.

The Tax Administration performs a calculation of your total taxes after each year, in order to determine whether you have paid enough tax-prepayments on your income. If it turns out that you have paid too much, you receive a refund. If you paid too little in prepayments and withholding, you must pay back taxes.

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