The pre-completed tax return – making corrections in MyTax or on paper

In March or April, you will receive your pre-completed income tax return in MyTax and by post. If you have activated Suomi.fi messages, you will receive an e-mail message when the return is ready for viewing in MyTax.

See the planned schedule for tax return submittal

Check the tax return. If there is something that you must add to or correct in your tax return, make the changes in MyTax or file them on paper forms. If there is nothing to add or correct, you do not have to do anything.

The order of sequence below is the same as the way the pages in MyTax are ordered. It is not entirely the same order as the paper version. However, the text below covers all the sub-headings and sections of the paper form.

Please note that your tax return in MyTax contains no numbered enclosure forms (such as Form 7H Rental income – Apartments in a housing company, or other encloseable forms with a number). Instead of having to fill in many numbered forms for different kinds of income, you simply enter the amounts under the appropriate sections in MyTax. There is a specific section for rental income, for example.

  1. You can check your tax return by clicking the link under “Note” or by selecting Tax returns and tax information under Activities.

  2. Select the year 2020.

  3. Select Pre-completed tax return under “Income tax”.

  4. Select Correct.

Background information

This section contains the following information:

  • the taxpayer’s name
  • bank account number in the Tax Administration records
  • municipality of domicile
  • name of the church parish (basis for church tax)
  • spouse
  • number of underage children
  • disability percentage

The Tax Administration receives almost all the above information (name, municipality of domicile, etc.) from the Population Information System. If it is necessary to make corrections to the above information, you can contact the DVV to request that any errors are put right.

Using MyTax to make corrections or to add information

You can fill in the Taxpayer details section if you have separated from your spouse during the tax year.

Submitting corrections and additions on a paper form

To inform the Tax Administration of a disability percentage or of a separation, you can submit Form 50A (Earned income and deductions).

If your bank account number is wrong or if it is missing from the pre-completed return, enter the correct number. MyTax shows the bank account number in the international IBAN format.

MyTax also allows you to submit the bank account number of your underage child. Children under 18 can also submit their own bank account number in MyTax if they have e-bank security codes or a mobile certificate to log in with.

This section contains the following:

  • shares in housing companies and mutual real estate holding companies, entitling you to own an apartment
  • shares in other companies and cooperatives (not shares in consumers’ cooperatives and cooperative banks)
  • real estate property
  • shares in investment funds and UCITS
  • other securities and book-entry shares (not bonds or debentures subject to tax at source on interest income or corresponding bonds or debentures within the EEA)
  • equity savings account
  • shares in general partnerships, limited partnerships and other partnerships
  • rights of possession or rights of use to a real estate unit, to shares in housing or real estate companies, or relating to other types of securities
  • assets and property located outside Finland

Do not report other assets, such as cars, boats or household effects.

To check the records that concern any real estate units you own, look them up in your documents on real estate tax. If you have bought, acquired, sold or otherwise transferred a real estate unit, or if repairs or changes have been made to a real estate unit you own, give the details on your real estate tax return.

The pre-completed information on your assets is the information that was on record at the Tax Administration on 31 December 2020. If the Details on assets contain errors or if an item of property is now shown, please make corrections as appropriate. Also report any changes to the assets that may have taken place during the tax year.

Using MyTax to make corrections or to add information

The assets on record are listed in the Background information, the first part of the tax return.

  • If only some of your assets and property are shown under Details on assets, click on Asset additions and changes to make corrections.
  • If you have sold or otherwise transferred your assets, give details on the transfer later, when filling in other sections of the tax return (Profit from selling securities, or Capital gains, assets other than shares or securities).

Submitting corrections and additions on a paper form

Use the right enclosure form:

Income

Pay, fees and pensions

This section contains the following amounts:

  • Pay, stock options and reimbursements:
    • pay and fringe benefits, fees and compensation or reimbursement that are
    • connected to your work under an employment contract
    • employee stock options and stock grants
    • taxable reimbursement of expenses
    • reimbursements of a daycare provider's expenses
  • Trade income and compensation for use:
    • trade income received by person who is VAT liable
    • trade income received by person who is not VAT liable
    • compensation for use, royalties and compensation for employee invention
    • foster care provider’s or family caregiver’s fees
    • dividends and surplus based on work effort, treated as trade income or wages
    • income from seafaring (wages and fringe benefits)
  • Other earned income:
    • sportsperson’s and athlete's fees
    • other taxable income subject to withholding including receipts of grants to support a
    • recreational activity, and including miscellaneous fees received occasionally
    • personnel fund units and surplus
    • supplementary daily allowance from a health insurance fund
    • expense reimbursement paid to conciliator
  • Pension paid by employer
  • Wages paid by a foreign employer:
    • wages received from a foreign employer that does not have a permanent establishment in Finland
    • wages from a foreign employer based on a net-of-tax contract or seafarer's income from a foreign employer
    • foreign wage income and seafarer's income subject to health insurance contribution only
    • employee stock options and stock grants based on foreign pay and seafarer's income

Your employer or other payor is under the obligation to send reports to the Incomes Register on all wages it pays out. The Tax Administration receives the payroll information from the Incomes Register, and transfers it to your pre-completed tax return. 

If there are errors in the amounts or if something is missing, make corrections, and also inform your employer/payor on the errors, so they can send their corrections to the Incomes Register.

If you demand a tax deduction based on a reduced tax value of a company car, see the guidance in section Reduction in the value of a company car benefit.

  1. A) Select the payor's name.

    If the payor’s name is not on the list, see instructions under (B).

    • If the amount of income is wrong, enter the correct amount to replace it.
    • If you add a new item of income from the same payor, select Add income. Give full details on the income and the amounts withheld on it.
    • Select Add a deducted contribution, if any of the following deductions is connected to the income: 
      • mandatory pension insurance contributions
      • mandatory unemployment insurance contributions
      • reimbursements of foster care provider’s expenses
      • contributions for collective additional pension insurance
  2. B) Select Add new payor.

    • Fill in the payor’s Business ID or personal identity code, and the payor’s name.
    • Select Add income. Give full details on the income and the amounts withheld.
    • Select Add a deducted contribution, if any of the following deductions is connected to the income: 
      • mandatory pension insurance contributions
      • mandatory unemployment insurance contributions
      • reimbursements of foster care provider’s expenses
      • contributions for collective additional pension insurance

    If you received income from different payors, add the income from every payor or employer separately. To do this, click on Add new payor as many times as you need.

Further information

Submitting corrections and additions on a paper form

If the amounts and information relating to your wages must be corrected and you make corrections on paper, submit Form 50A – Earned income and deductions.

This section contains your pension income from Finnish sources:

  • earnings-related pensions and pensions for the self-employed
  • pension in accordance with the National Pensions Act
  • guarantee pension
  • pension based on insurance and taxed as earned income
  • your revenues relating to a capital redemption policy

If you received pension from abroad, check the amounts that are pre-completed under Foreign income, or fill in the amounts and information as appropriate.

In general, the Tax Administration receives reports on paid-out pensions from pension providers, covering both the amounts paid and the taxes withheld. Accordingly, the pre-completed tax return often contains full details on the pensions. 

Spreading the amount of retroactive pension over more than one years

If you have been paid a lump sum of statutory pension retroactively, you can claim periodisation of the pension income, i.e. that the income be allocated as earned income for a previous year. You can make the claim if you have been paid retroactive pension for a previous year and relating to at least 3 months, and the amount exceeds €500. 

Using MyTax to make corrections or to add information

 The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your receipts of pensions. If additions and corrections are necessary, and if you need to add a new pension from a payor that has already paid you pensions, go to Pensions and select that payor's name.

If you need to add a new pension from a new payor, move on to Other income. Select Yes for Pensions first, then click on Add new pension.

If you have received pension on a retroactive basis, you can claim that the amount of money is periodized. Follow the instructions below:

  • Select Yes for Do you request periodisation of pension income?
  • Enter the period for which the pension was paid. You can use the calendar to select the dates.
  • Indicate the amount of the pension.

If you have paid tax on your Finnish pension income to your foreign country of residence and request crediting of the tax, enter the amount of tax under Taxes paid abroad.

Further information

Submitting corrections and additions on a paper form

If something must be added or the pension information must be corrected and you make the corrections on paper, submit Form 50A – Earned income and deductions.

Pension income and crediting of tax paid abroad (reverse credit)

According to certain tax treaties, double taxation is eliminated exceptionally in the country from which the income is received. Tax paid on Finnish pension to a foreign country of residence can be credited if

  • you live in Spain and receive pension from Finland
  • you live in Switzerland, Thailand or Italy and have received a pension from Finland based on Finnish social security legislation.

Read more: Finnish pension income received in Spain

This section lists the benefit income you have received, including: 

  • earnings-related unemployment allowance
  • basic daily allowance
  • labour market subsidy
  • maternity allowance
  • parental allowance
  • allowance for child home care
  • study grants
  • sickness allowance
  • adult education allowance
  • the temporary epidemic support received from Kela, the Social Insurance Institution of Finland
  • sickness allowance due to infectious disease.

This section is not for reporting any pensions or social benefits that you may have received from payors outside of Finland. Enter these types of income separately in the sections reserved for them (i.e. under Pensions or under Foreign income).

The Tax Administration receives information on your receipts of benefits from Kela and other organisations. This information also covers the amounts that had been withheld. Full details on received benefits are usually shown on the individual taxpayer’s pre-completed tax return. However, if a benefit is missing from your pre-completed tax return, you are required to fill in its total gross amount.

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your receipts of various social benefits. If additions and corrections are necessary, and if you need to add a new benefit, from a payor that has already paid you benefits, select that payor's name under Benefits.

If you need to add a new benefit from a new payor, move on to Other income. Select Yes for Benefits first, then click on Add new benefit.

You are required to report:

  • The payor's name (if you cannot find the name on the list, select Other Finnish payor, then enter the name into the field that appears)
  • The category of the benefit, how much you have received, and how much tax was withheld

You can click on Add new benefit again as many times as you need in order to add details about other benefits. 

Submitting corrections and additions on a paper form

If something must be added or the benefits must be corrected and you make the corrections on paper, submit Form 50A – Earned income and deductions.

Capital income

This section contains the following amounts of income:

  • Compensation for use if treated as capital income because you have received the compensation (royalty) in exchange for use of a copyright or industrial property right that you have inherited or bought. Copyright royalties may be related to a literary work, to a work of art, or to a photograph. Industrial property rights include patents, designs and trademarks.
  • Capital income paid to you by your employer, e.g. interest on a wage receivable, and a commission paid by your employer in exchange for an issued guarantee.

Any information on other kinds of compensation for use must be reported under Compensation for use and compensation for employee invention.

Payors of copyright royalties and other compensation and the employers that have paid capital income to a worker must submit reports on these amounts to the Incomes Register. The Tax Administration receives them from the Incomes Register and transfers them to your pre-completed tax return. Check the amounts and the related information; make corrections if needed. Moreover, if you notice any errors, you should also inform the payor or your employer of the errors, so they can send their corrections to the Incomes Register.

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your receipts of royalties, compensation for use, and capital income paid by your employer. 

  • To make any corrections, select the payor's name to edit the entries. If the income you received is not shown in its entirety, select Add income to fill in the amounts that are missing.
  • If any payor’s information is not pre-completed, select Add new payor to enter the relevant information.

If no income as described above is pre-completed although you have received the income, fill in the Other income section as appropriate. Select Yes for Compensation for use capital income and capital income paid by employer. Then select Add new payor.

  • Fill in the payor’s information and select Add income.
  • Indicate the type of the income and fill in the amount. Fill in the amount withheld from the income, as well.

Submitting corrections and additions on a paper form

If something must be added or the above details on income must be corrected and you make the corrections on paper, submit Form 50B – Capital income and deductions.. Report this type of income as other capital income under the paper form’s section 3.

This section is for the rental income you have received for offering e.g. the following types of assets for rent:

  • apartment(s) in a housing company
  • real estate property
  • timeshares related to vacation homes
  • automobiles, caravans, boats
  • machinery or equipment

The related expenses can also be reported here. See a list of expenses that can be deducted from rental income.

It is necessary to report the amounts and information on your rental operations although it might be that your rental income has been low, and after the related deductible expenses, you have little or no income subject to tax.

Information on any rental income relating to an agricultural farm must be reported on the tax return for agriculture. This income includes the rental income you may receive from renting out a field.

If you have previously informed the Tax Administration of your rental income when requesting a tax card or when completing another tax return or if you have paid rental-related prepayments, there may be a pre-filled amount on your tax return.  Check all the entries, and if anything is missing, make corrections as appropriate.

Read more about rental income

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information made available to the Tax Administration on your rental income. If no income is pre-completed although you have received some rental income, fill in the Other income section as appropriate.

See the instructions in MyTax

Note: Any rental income you have had from a source outside of Finland must be reported under the Foreign income section.

Further information

Submitting corrections and additions on a paper form

Use the right enclosure form:

This section contains information on the selling and other alienations of property, where the sold property or asset has been:

  • real estate such as a house, a plot of land or a farm
  • shares that entitle to own an apartment in a housing company or real estate holding company
  • corporate stock in a non-listed company (not traded at a stock exchange)
  • shares relating to a business partnership, such as a general partnership or limited partnership 
  • fixed assets i.e. machinery that you have used in a forestry operation
  • capital gains from virtual currencies, such as bitcoin (enter the profits from the mining of virtual currency at Other earned income).

Note: A specific section shows your profits, gains and losses that have resulted from transactions with securities. Go to the Foreign income section to give details on any selling and alienation of property located in foreign countries.

The capital gains and losses that have resulted from your selling of real estate, housing-company shares and other property are pre-filled on your pre-completed return. These gains and losses have been calculated by the Tax Administration. They are based on the information that has been available. Check all the entries, and if anything is missing, make corrections as appropriate.

If the result of some of your selling, alienation, transfer, etc. of property has been that you received non-taxable gains or incurred non-deductible losses, you must still report the transactions that were carried out. For example, selling your home is exempted from capital gains taxes, and in the same way, if property has changed hands under the tax rules on passing a farm or business on to certain close relatives, the transfer is exempted.  Although the transactions described above were tax-exempt when they were made, you are still expected to give full details on them.

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your sales, etc. of property. To make any corrections, select a property or asset to edit the entries. If only some of the selling or other transfers are showing, select Add a new transfer to fill in the amounts that are missing.

If the pre-completed details do not contain any profit from the sale or transfer of assets, go to Other income. Select Yes at Capital gains and losses, and then Add new transfer. In the case of virtual currency, select Other assets and enter the words “virtual currency” at Description of other property.

Go to the Foreign income section to give details on any selling and alienation of property located in foreign countries.

Further information

Submitting corrections and additions on a paper form

Use Form 9 Capital gain or capital loss for reporting your gains and losses from sources in Finland. Use Form 16B Statement on foreign income (capital income) for reporting your gains and losses related to selling, transfers, alienations, etc. of property located in a foreign country.

This section is for the capital gains and losses related to following categories of assets and property:

  • corporate shares, securities of other types, including those that you sold through the services of a foreign broker or intermediary
  • shares in investment funds
  • refunds of corporate capital to shareholders, when the refund it treated as a transfer of property for tax purposes and when a non-listed company paid the refund

In addition, sales or redemption transactions relating to bonds and debentures can result in taxable capital gains or tax-deductible capital losses.

The Tax Administration receives almost all the information on sales of corporate stock, securities and fund shares from banks, other intermediaries and investment fund companies in Finland and other countries. Check the information and add more details as necessary. 

If the dates of purchase and the related values are not pre-completed

The pre-completed return does not always contain the acquisition date and acquisition price of a share, other security, etc. In this case, to arrive at the taxable capital gain, we enter a “presumed” or “deemed” value into the calculation: the deemed acquisition cost is either 20% of the selling price you received, or 40% of the selling price you received.

Your pre-completed tax return contains a preliminary tax calculation. The results of that calculation are based on the above method. Check all the entries, and if anything is missing, make corrections as appropriate

If dates, values or acquisition prices are missing, you should look up the information on the documentation you received from the bank, or search other documents.

If you cannot find acquisition dates, values, etc., you can – as a minimum – fill in the year when you bought the security or share. The year has an impact on the size of the deemed acquisition cost. To fill in the year, enter it in the "Acquisition date” field as 1 January. For example, you can simply enter 01.01.1998 and leave the other fields blank.

More information on capital gains tax and acquisition costs in tax calculations relating to sales of securities

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your sales and transfers of property. If additions and corrections are necessary, click on Open specification. This will make an itemisation on your securities trading appear. Select the share or security that contains incomplete information in order to add the missing details.

Alternatively, you can enclose the bank’s specification on your securities trading as an attachment file. If you provide such an enclosure, add up the selling prices for all securities you have sold during the tax year and report the gains and losses separately.

If no selling or transfer information is pre-completed although you have carried out sales, transfers, alienations, etc., fill in the Other income section as appropriate. Follow the instructions from item no. 10 on this page: How to report the selling of a home, real estate and other property transfers in MyTax.

Further information

Submitting corrections and additions on a paper form

If you provide reports on your selling of securities in Finland and other countries on a paper form, complete Form 9A.  Also use Form 9A to report any sales carried out through a remote intermediary in a foreign country. However, Form 16B must be completed in order to report your other capital income resulting from transactions carried out through a remote intermediary.

This section contains the following amounts:

  • Your receipts of dividends from stock-exchange-listed companies
  • Your receipts of dividends from non-listed companies
  • Your receipts of a refund of capital if the payor company is stock-exchange listed and if the refund is equated with dividends for purposes of taxation
  • Your receipts of profit surplus from a cooperative enterprise

The Tax Administration receives almost all the information on receipts of dividends from banks and other intermediaries in Finland and other countries. In the same way, the annual information returns that the Tax Administration has received from payors have provided the pre-completed dividend information and the pre-completed surplus amounts. Check all the entries, and if anything is missing, make corrections as appropriate. Read more about the taxes on dividends.

If you are a shareholder-entrepreneur or a majority shareholder

If you are a shareholder-entrepreneur and you have borrowed money from your company, you are required to report your loan balance at the end date of the tax year.

If you are a majority shareholder and you have used residential property belonging to the company, indicate the residential property’s value in accordance with the previous year’s calculation of company net worth (this is the book value in accounting, or the taxable value, whichever is higher).

Fill in the value on this line only if you own more than 30% of company shares or votes. You are treated as being a majority shareholder also if the ownership interest or holding of votes exceeds 50% when your personally owned shares are added to your family members’ shares.

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your dividends. To make any corrections, select the name of the distributing company that paid you dividends to edit the entries. If only some of the dividends and surplus you received are showing, select Add new dividend income to fill in the amounts that are missing.

If no income is pre-completed although you have received dividends or surplus, fill in the Other income section as appropriate. Select Yes under Dividend income and then Add new dividend income.

Go to the Foreign income section to give details on any receipts of dividend income from sources in foreign countries.

Submitting corrections and additions on a paper form

If you provide information relating to dividends on a paper form, use the correct enclosure form:

In addition, complete and submit Form 13 – Account of shareholder loans and distribution of earned and capital income for dividends,

  • if you are a majority shareholder and you have used residential property that belongs to the company, or if you have borrowed money from the company
  • if you are a shareholder-entrepreneur and you have borrowed money from your company.

Examples of what to enter in these lines:

  • Your income in the form of revenues from life insurance contracts, either investment-based or savings-based (including a “shell” contract)
  • Interest income from your private lending, if any
  • Aftermarket bonuses
  • Exchange rate gains 
  • Profits from selling timber if the trees were cut down from a smaller plot of land (such as the land where a summer cottage is located)
  • Revenue from the sale of soil
  • Any income, taxable as capital income, received from mining (the “proof-of-stake” protocol).

The Tax Administration receives information on your receipts of income from capital from banks, other intermediaries of securities, and from other payers, etc. Check the information and add more details as necessary. 

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your other capital income. To make any corrections, select a payor of capital income to edit the entries. If only some of your receipts of other capital income are showing, select Add new capital income to fill in the amounts that are missing.

If no Other capital income section is found pre-completed, go to the Other income section. Select Yes for Other capital income and then Add new capital income. Fill in any missing amounts.

Go to the Foreign income section to give details on any receipts of capital income from sources in foreign countries.  Add a new capital income received from a foreign source, and select the type of the income.

Submitting corrections and additions on a paper form

Use the right enclosure form:

This section is for your receipts of income in the form of interest payments from Finnish debtors and other payers. They may include:

  • The profit paid to an investment fund where you hold shares
  • The interest paid on bonds or debentures that you own

However, if you received interest on an ordinary bank account balance, do not enter the amount here. In the same way, if you receive certain other interest, taxed under the act on the taxation at source on interest income, do not enter it. 

The Tax Administration receives third-party information on almost all interest payments to individual taxpayers and on the taxes withheld on the amounts. Check the information and add more details as necessary.

If you make corrections, indicate the type and amount of interest income you have received during the entire year and the amounts withheld from it. Do not enter the interest income on which tax at source has already been collected (30%).

If you fill in interest income that you received from a foreign source, see further guidance for filing.

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your receipts of interest income. To make any corrections, select the payor's name to edit the entries. If only some of your receipts of interest income are showing, select Add new interest income to fill in the amounts that are missing. 

If no interest income is pre-completed, go to the Other income section. Select Yes for Interest income and then Add new interest income.

Go to the Foreign income section to give details on any receipts of interest income from sources in foreign countries.  Add a new interest income from a foreign source, and select “interest income” as the type of the income.

Submitting corrections and additions on a paper form

Use the right enclosure form:

This section is for the amount of money that you may have withdrawn from your equity savings account during the tax year. In general, the Tax Administration receives this information from the bank, the service provider or other third party. Check the information and the amounts; add more details as necessary.

Using MyTax to make corrections or to add information 

The Pre-completed income and deductions section contains the information about your equity savings account, including the profit or loss relating to it. To make any corrections, select the payor's name to edit the entries.

If no equity savings account profits or losses are found under Pre-completed income, fill in the Other income section as appropriate. Select Yes for Profit or loss from an equity savings account, and then click on Add new.

Further information

Submitting corrections and additions on a paper form

To give details on your equity savings account’s profits or losses on paper, submit Form 50B – Capital income and deductions.

Foreign income

This section lists your foreign-source income that falls under the “earned income” category. This income includes your:

  • pensions
  • wages and fees
  • other earned income such as nonwage compensation for work, trade income, pay or fee received by an athlete or artist, scholarships, grants, royalties, and fees relating to Board membership or membership in a similar administrative organ of a corporation.

The Tax Administration receives information on some of the income directly from the source country of the income; this information is pre-completed. Typically, the pre-completed information is related to pensions received from Sweden. Check the information and add more details as necessary. 

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information on your foreign income that has been available to the Tax Administration. To make any corrections, select the payor's name to edit the entries. 

If only some of the income you received from sources outside Finland is showing, fill in the amounts that are missing.

If no income from foreign sources is pre-completed although you had such income, fill in the Other income section as appropriate.

Further information

Submitting corrections and additions on a paper form

Use the right enclosure form:

This section lists your foreign-source income that falls under the “capital income” category. This income includes your:

  • receipts of dividends
  • rental income or losses from a rental operation
  • capital gains, capital losses, and information on how many of tax-exempt transfers of assets you have carried out
  • other capital income, such as interest income.

The Tax Administration receives information on some items of income directly from the source country of the income; this information is pre-completed. Typically, these pre-completed amounts and information include pensions received from Sweden, and income in the form of dividends from foreign payors. Check the information and add more details as necessary. 

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information on your foreign income that has been available to the Tax Administration. To make any corrections, select the payor's name to edit the entries. If only some of the income you received is showing, select Add a new foreign capital income to fill in the amounts that are missing.

If no income from foreign sources is pre-completed although you had such income, fill in the Other income section as appropriate.

Submitting corrections and additions on a paper form

Use the form 16B Statement on foreign income (capital income).

Other income

If you perform various assignments and jobs as a freelancer or if you are a family daycare provider, you pursue “other income-producing activities” (for example, as a private family daycare provider with a registration in the prepayment register).

This section is not for reporting

  • Any extra income you may have related to your wage income
  • Any income you have made through the operation of a trade or business 

You are required to report the amounts of earnings that are not shown on your pre-completed tax return. 

In addition, you should indicate all your expenses related to the activities for the production of income – this also includes the expenses that are directly related to the income already showing on your pre-completed tax return. Expenses for the production of income may include various materials and supplies and the costs of a home office.

Using MyTax to make corrections or to add information

The income from income-generating activities and the expenses relating to those activities must be reported under Other income – Production of income. Enter the income and expenses into the appropriate lines: Income/expenses for income-generating activities in 2020.

Further information

Submitting corrections and additions on a paper form

If you submit the information on your income and expenses on paper, complete Form 11 – Activities for the production of income. 

This section contains the following amounts:

  • Grants, scholarships and awards for merit – including taxable and tax-exempt amounts.
  • The expenses that have arisen from your studies, research or other activities for which you have received taxable grants. Deductible expenses include workspace expenses, equipment costs and travel expenses relating to the grants. Itemise the expenses based on whether they relate to taxable or tax-exempt grants.

Your last year’s grants are pre-completed on your tax return as reported by the payor or payors. Both the tax-exempt and taxable grants are pre-completed. Check the information and make any necessary corrections.

Grants paid to a working group

If the grant was awarded to a group of people, it is normally only shown on the pre-completed tax return of the person who applied for the grant. In these circumstances, you should only indicate your share of the grant in MyTax or on the paper form. In the same way, only claim the deductible expenses that relate to your share of the grant.

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your receipts of grants. To make any corrections, select the payor's name to edit the entries. If only some of the grant income you received is showing, select Add a new grant to fill in the amounts that are missing. In the same way, fill in the expenses that relate to the grants.

If no income in the form of grants is pre-completed although you have received such income, fill in the Other income section as appropriate. Taxable grants must be reported separately from tax-exempt grants. Fill in the expenses relating to the grants accordingly.

Further information

Submitting corrections and additions on a paper form

If you submit the information on paper, fill out Form 10 Grants.

This section shows how much you have borrowed between 1 January and 31 December from a company where you are a shareholder. Only enter the amount that you have not repaid by 31 December is subject to taxation as a shareholder loan.

A shareholder loan is part of your taxable capital income if you, alone or with a family member, own at least 10% of the company’s shares, or have a corresponding voting interest in the company.

The annual information return that limited liability companies are required to send to the Tax Administration has been the source of the pre-filled amount on your tax return. It is required of all limited liability companies to send information on the amounts borrowed and the amounts repaid by company shareholders. This rule concerns the shareholders who are natural persons. These loans are equated with income and taxed as capital income. Check the information and add more details as necessary.  If you hold shares in a foreign limited liability company and you have borrowed money from it or paid a loan back to it, please fill in the information for this section yourself.

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information made available to the Tax Administration on your borrowing. To make any corrections, select a loan to edit the entries. 

If no shareholder loans are found under Pre-completed income although you have borrowed money from a company, fill in the Other income section as appropriate.

Further information

Submitting corrections and additions on a paper form

If you prefer to complete a paper form, use Form 13 – Account of shareholder loans and distribution of earned and capital income for dividends.

This section is for any occasionally earned income, which is not based on an employment contract and not classified as trade income. Examples of other earned income: 

  • Financial support or grants received for a recreational activity of for hobbies 
  • Income in the form of tips
  • Fees you have received for giving private tuition
  • An amount of money you have received as a prize in a competition or as a finder’s fee
  • Income from the mining of virtual currency (proof of work -protocol).

Every item of income must be reported separately. Write a brief description of the income items. Indicate the sum total of income received for the entire year (1 January to 31 December). Enter the total gross amount of income, i.e. do not subtract any taxes or charges that have been collected.

If you have received money for an activity that you have repeated many times during the year, give details on the income and deductible expenses in the Production of income section instead.

Using MyTax to make corrections or to add information

To give details on your other earned income, go to the Other income section – Other earned income. To claim any related expenses for the production of income, go to Other deductions. Select Yes for Expenses for the production of income, and then fill in Expenses incurred in acquiring and maintaining income other than wages and salary.

Submitting corrections and additions on a paper form

To report your other earned income on paper, submit Form 50A – Earned income and deductions.

This section lists the pre-completed amounts of profit-surplus distributions you have received from a cooperative society including interest on cooperative capital.

In general, the Tax Administration receives information on paid-out profit surplus directly from cooperative enterprises on the annual information returns they have sent. Check all the entries, and if anything is missing, make corrections as appropriate.

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your receipts of surplus from cooperatives. To make any corrections, select the payor's name to edit the entries. If only some of the surplus you received is showing, select Add new surplus to fill in the amounts that are missing.

If no surplus income is pre-completed although you have received it, fill in the Other income section as appropriate. Select Yes for Surplus from cooperatives and then Add new surplus.

Submitting corrections and additions on a paper form

To report your receipts of surplus from Finnish cooperatives on paper, submit Form 50B – Capital income and deductions. 

This section contains your pension income from Finnish sources. The section concerns nonresident individual taxpayers. Person with limited tax liability, a nonresident, is someone who does not live in Finland. The pension and other receipts of payments include:

  • earnings-related pensions and pensions for the self-employed
  • pension in accordance with the National Pensions Act
  • guarantee pension
  • pension based on insurance and taxed as earned income

In general, the Tax Administration receives reports on paid-out pensions directly from pension providers, covering both the amounts paid and the taxes withheld. Accordingly, the pre-completed tax return often contains full details on the pensions. Check the pre-completed details and make corrections if needed.

Spreading the amount of retroactive pension over more than one years

If you have been paid a lump sum of statutory pension retroactively, you can claim periodisation of the pension income, i.e. that the income be allocated as earned income for a previous year. You can make the claim if you have been paid retroactive pension for a previous year and relating to at least 3 months, and the amount exceeds €500. 

Pension income and crediting of tax paid abroad (reverse credit)

According to certain tax treaties, double taxation is eliminated exceptionally in the country from which the income is received. Tax paid on Finnish pension to a foreign country of residence can be credited if

  • you live in Spain and receive pension from Finland
  • you live in Switzerland, Thailand or Italy and have received a pension from Finland based on Finnish social security legislation.

Read more: Finnish pension income received in Spain

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your receipts of pensions. If additions and corrections are necessary, and if you need to add a new pension from a payor that has already paid you pensions, go to Pensions and select that payor's name.

If you need to add a new pension from a new payor, move on to Other income. Select Yes for Non-resident’s pensions and payments in 2020 and then Add new income.

To make a request for periodisation of the pension income that was paid to you retroactively, follow the instructions below:

  • Select Yes for Do you request periodisation of pension income?
  • Enter the period for which the pension was paid. You can use the calendar to select the dates.
  • Indicate the amount of the pension.

If you have paid tax on your Finnish pension income to your foreign country of residence and request crediting of the tax, enter the amount of tax under Taxes paid abroad.

Further information

Submitting corrections and additions on a paper form

If you provide information on pension received as a nonresident individual taxpayer on paper, use Form 50A – Earned income and deductions.

Tax deductions

Typical deductions and credits

You can claim the expenses of your daily commute and other travel expenses related to your work. Deductible expenses include:

  • the ordinary commuting expenses, between home and work
  • expenses for going home for the weekend if you work far away from where you live 
  • the commute between your permanent residence (home) and a secondary place of work 
  • certain trips, mostly in specific fields of work such as construction, to a special place where work is done

If you have informed the Tax Administration of your work-related travel expenses during the year, when you requested a tax card or prepayment, etc., there will be a pre-filled deduction on your tax return accordingly. After you have checked the amounts, make any necessary corrections and additions. You should add the deductible commuting and travel expenses that you have not yet claimed. 

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your expenses. If any corrections and additions must be made, tick the box for means of transportation first (public transport, other than public transport, or a combination of both), then make the required changes to the return. If just a part of the year’s expense is showing, select Add new travel expense to fill in the amounts that are missing.

Enter the costs for face masks together with the commuting expenses under Public transport – Time period’s travel expenses for public transport.

If no commuting and travel is found under Pre-completed deductions, fill in the Other deductions section as appropriate. Select Travel expenses first, then click on Add new travel expense.

Please note that you have to itemise by category of travel; for example, a specific line is reserved for the daily commute between home and work. 

Filing commuting expenses in MyTax

How to file travel expenses for a special sector in MyTax

Further information

Submitting the information and claims on a paper form

Use the right enclosure:

 

To get the tax credit, you must indicate the expenses paid during the tax year for relevant work assignments in the household. Possible expenses include:

  • Renovations i.e. home improvement
  • Cleaning and other household work
  • Nursing and caregiving

You can receive the credit for household expenses if you have bought the work as a service provided by a prepayment-registered company, or if you have hired someone as your employee to do the work.

If you have informed the Tax Administration of your claim during the tax year, when you requested a tax card or prepayment, etc., your pre-completed tax return may already refer to a credit for household expenses. After you have checked the amounts, make any necessary corrections and additions. 

If you employed someone and you are a user of the Palkka.fi website that handles payroll accounting, the household expense information is automatically transferred to the pre-completed tax return.

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your credit for household expenses.  If it is necessary to make corrections or to claim less credit for household expenses, select the company’s name or your employee’s name. Now you can edit the entries. If just a part of your household expenses and related information for the tax credit is showing, fill in the amounts that are missing.

If no information relating to a tax credit for household expenses is found under Pre-completed deductions, fill in the Other deductions section as appropriate. Select Yes for Credit for household expenses first, then click on Add a new expense. 

How to file the tax credit for household expenses in MyTax 

Further information

Submitting the information and claims on a paper form

Use the right enclosure:

If you are a member of a trade union or an unemployment fund, you can receive a deduction relating to: 

  • the membership fees that you paid, or
  • the unemployment fund’s fees

In most cases, the Tax Administration receives information directly from trade unions and unemployment funds, including lists of fees paid to them. After you have checked the amounts, make any necessary corrections and additions.

Using MyTax to claim the deduction and to add the required information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on membership fees. To make any corrections, first select the name of the union or fund. Then you can edit the entries. If just a part of the fees you paid is showing, fill in the amounts that are missing.

If no paid fees are found under Pre-completed deductions, fill in the Other deductions section as appropriate. Select Yes for Membership fees for labour market organisations first, then click on Add new membership fee.

Submitting the information and claims on a paper form

To claim the deduction on paper, submit Form 50A – Earned income and deductions.

You can claim deductions for some of the expenses related to your income from employment. The expenses in this category include:

  • the expense you must pay for a workspace
  • the personal tools you may have
  • the expenses for books relating to your occupation or profession
  • the training expenses you pay
  • the increased living expenses due to work trips
  • the shop steward’s fees you pay

In addition, you can claim deductions for expenses that are related to other activities than your employment, including:

  • expenses for the production of other work income
  • expenses for the production of income relating to benefits and other earned income

This section is only for employment-related expenses – do not enter your deductions for a second home for work, expenses related to your capital income. Claim the above deductions under the tax return’s sections that are intended for them.

Note: there is a 750-euro threshold of deductibility

If you do not reach the threshold of €750 in expenses for the production of income, there is no need to submit the information. You get the standard deduction, €750, for the production of income automatically.

If you spent more than €750 on the production of your income, on acquiring income, on maintaining income, etc., you exceed the threshold. In that case, you should indicate the entire amount of your expenses. Do not subtract the 750-euro threshold from the total expenses.

If you have given the Tax Administration the amounts of your expenses during the year, when you requested a tax card or prepayment, etc., your pre-completed tax return shows your deduction. After you have checked the amounts, make any necessary corrections and additions. 

You should add the expenses for the production of income that you have not yet informed the Tax Administration of. 

Using MyTax to make corrections or to add information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your expenses for the production of income. If it is necessary to make corrections or to claim less expenses for the production of income, select Open specification to make an itemisation appear. Now you can edit the entries. If just a part of your expenses is showing, fill in the amounts that are missing.

If no expenses for the production of income are found under Pre-completed deductions, fill in the Other deductions section as appropriate. Select Yes for Expenses for the production of income. Then click Open specification. Please note that you have to keep the expenses relating to your wage income separate from the expenses that are relevant to your other types of income that are not wages from employment.

How to file expenses for the production of income in MyTax

Further information

Submitting the information and claims on a paper form

To claim the deduction on paper, submit Form 50A – Earned income and deductions.

You can deduct the interest that you paid during the year on a home loan and on a loan for the production of income.  The interest payments are deducted from capital income, either entirely or in part.
The deductible interest payments are the following:

  • Home loan interest, provided that the home is where you or your family live on a permanent basis
  • Home loan interest relating to your first-time home, provided that the home is where you or your family live on a permanent basis
  • Interest expenses on a loan you have taken for an income-producing purpose, e.g. in order to buy an apartment as an investment
  • Part of the interest expenses on a loan you have had to take when you had made a commitment to repay someone else’s debt, in order to make good on the commitment

Interest expenses on other debt such as consumer credit cannot be deducted. 

In most cases, the Tax Administration receives information from banks and other credit institutions directly relating to individuals’ home loans and loans for the production of income. Check that the intended purpose of the loan is entered correctly on your pre-completed tax return. The purpose has an impact on your deduction rights. Check the amounts and the related information; make corrections if needed. 

If you are a shareholder in a partnership that conducts business: If you have borrowed money to buy the partnership shares, the interest expenses are recorded on your personal tax return, not on the partnership’s tax return.

If you are a shareholder in an agricultural partnership: If you have borrowed money to finance any agricultural activities of the partnership, the interest expenses are recorded on your personal tax return, not on the partnership’s tax return. 

Using MyTax to claim the deduction and to add the required information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your interest expenses on different loans. To change or delete interest expenses on a loan, click on Lender’s name, and then make the corrections.

For example, if you had borrowed money to buy the apartment where you have lived, the loan’s purpose has been a home loan. But if you no longer live there and you have rented it out to a tenant instead, the purpose must be changed to “loan relating to production of income”.  In this case, you must update the Loan’s purpose of use. It may be that you have a loan that you partially use as a home loan, and partially as a loan relating to production of income. In this case, you must indicate the percentages that reflect this division.

Or you may pursue an income-producing activity aiming for foreign income, from sources outside Finland. In this case, if you have taken a loan for this purpose, tick the appropriate box and indicate the loan’s purpose of use. 

If you have paid interest on a loan to buy a share in a business partnership, and on a loan to finance the activities of an agricultural partnership, fill in the interest expenses under Loan relating to source of income.

If no paid interest is found under Pre-completed deductions, or if no loan information is found, fill in the Other deductions section as appropriate. Select Yes for Interest on loan first, and then select Add new interest or loan.

Further information

Submitting the information and claims on a paper form

To provide information on a new loan or to edit your deductible interest expenses on paper, submit Form 50B – Capital income and deductions.

Other deductions

Individual taxpayers can claim a deduction for reduced capacity to pay taxes due to illness, unemployment or a maintenance obligation, etc. The deduction requires that the authorities have completed an appraisal of the taxpayer’s circumstances. The deduction is always based on a specific claim made by the individual taxpayer. Do not enclose any receipts or other documentation if you claim the deduction – if necessary, we will contact you to ask for them later.  

Using MyTax to claim the deduction and to add the required information

Move on to Other deductions. Select Yes for Special tax deduction for a reduced capacity to pay taxes. Fill in the expenses caused by an illness or other reasons. 

Further information

Submitting the information and claims on a paper form

To claim the deduction on paper, submit Form 50A – Earned income and deductions.

You can see this section in MyTax if you live in the Åland Islands.
If you live in the Åland Islands, you can claim the following deductions made from taxes paid to the county or its municipalities:

  • deduction for medical expenses (medical expenses for you and your family)
  • deduction for students
  • student loan credit
  • rental expenses for a second home for work in the Åland Islands.

How to file in MyTax

Go to Other deductions. Select Yes in the Deductions for the Åland Islands section and report the details on those deductions that concern you.
Note: Report the rental expenses for a second home for work in the Åland Islands when you file travel expenses in MyTax.

Further information

Read more about taxation in the Åland Islands (detailed guidance in Finnish and Swedish, link to Finnish)

How to file on paper

If you submit the deduction details on paper, use Form 17 Ålandsbilaga.

The expenses for a second home are deductible if you pay rent for an accommodation yourself for a second home that you have, due to the location of your principal place of work, and distance between your permanent home and that workplace is >100 kilometres. Read more and check the other conditions for tax deduction for the cost of a second home on a work location.

If you have given the Tax Administration the amounts of your expenses during the year, when you requested a tax card or prepayment, etc., your pre-completed tax return shows your deduction. After you have checked the amounts, make any necessary corrections and additions. 

If you have worked at home, including work from home over a remote connection, read the instructions for claiming deductions under Expenses for the production of income.

Using MyTax to claim the deduction and to add the required information

The Pre-completed income and deductions section contains the deduction information that has been available to the Tax Administration regarding a second home that you maintain due to work reasons. Check the pre-completed amounts and make corrections if needed. If any amounts or information is missing, you should make the necessary additions.

If you claim the expense due to second home for the first time this year, move on to Other deductions. 

Follow the instructions, starting from item no. 7 on this page: How to file a deduction for a second home for work in MyTax.

Submitting the information and claims on a paper form

If you submit the information on paper, fill out Form 19 Deduction for second home for work.

This section is for any pension insurance contributions that you have paid relating to non-wage income, which may include:

  • Contributions required under the YEL act (self-employed persons’ pensions act), unless the paid contributions are already dealt with on your business tax return
  • Contributions required under the MYEL act (farmers’ pensions act), unless the paid contributions are already dealt with on your tax return for agriculture or forestry
  • Contributions required from individuals who receive grant income, in accordance with the provisions of the MYEL act
  • Contributions related to pension contracts in effect when you have worked outside Finland, if you have been the payer of the contributions

You have the option to either place the mandatory YEL/MYEL contributions in your personal tax return or your spouse's return. The amounts are equally deductible both ways. However, if you deduct your spouse’s contribution or correspondingly, if he or she deducts the contributions you paid, both of you must make the demand regarding the transfer of deductible contributions between spouses before the Tax Administration has completed the tax-assessment process for the year.

Using MyTax to claim the deduction and to add the required information

The Pre-completed income and deductions section contains the deduction information that has been available to the Tax Administration, including the amount of employment income that has served as the base for the pension contributions, and including the category of your pension insurance contract. If you are a payer of YEL or MYEL contributions and you claim that the paid contributions be deducted in your personal tax assessment, move on to Other deductions. Select Yes in the YEL or MYEL contributions or other mandatory pension insurance contributions section, and then enter the sum total for the entire year.

Submitting the information and claims on a paper form

To claim the deductions for pension insurance contributions on paper, submit Form 50A – Earned income and deductions.

You can claim the expenses for management and safekeeping of securities and book-entry shares. They are deductible from your capital income. 

The Tax Administration receives almost all the information on asset-management expenses from banks, other intermediaries and investment fund companies in Finland and other countries. After you have checked the amounts, make any necessary corrections and additions. 

There is an own-liability threshold of €50 for management and safekeeping of securities. When you claim the expenses, indicate the gross expense for the entire year without subtracting the 50-euro threshold from it.

Using MyTax to claim the deduction and to add the required information

The Pre-completed income and deductions section – Expenses for management of securities, contains the information that has been available to the Tax Administration on the asset management expenses you have paid. To make any corrections, select the name of the asset-management organisation you paid the expense to. Then fill in the amounts and information. If any expenses are missing, click on Add new management expense.

If no management expenses are found under Pre-completed deductions, move on the Other deductions section. Select Yes for Expenses for management of securities. Enter the amounts that are missing. 

Submitting the information and claims on a paper form

To claim the deductions relating to management expenses on paper, submit Form 50B – Capital income and deductions. In the same way, if you paid expenses to a foreign intermediary for the management of your holdings, complete and submit Form 50B.

This section contains the following amounts:

  • Your contributions related to a voluntary pension insurance contract
  • Your contributions to a “PS” contract (an individual retirement account for long-term savings)

Only the insured person, not his or her spouse, can deduct the paid contributions in their personal taxation. The contributions are deductible if the insurance company operates in Finland or elsewhere within the European Economic Area.

In most cases, the Tax Administration receives information from banks, insurance companies and other providers of pension insurance. After you have checked the amounts, make any necessary corrections and additions.

Using MyTax to claim the deduction and to add the required information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on voluntary pension insurance and long-term savings agreements. To make any corrections, select the name of the organisation you paid the contributions to. Then fill in the amounts and information. If just a part of your payments is showing, fill in the amounts that are missing.

If no voluntary pension or long-term savings contributions are found under Pre-completed deductions, fill in the Other deductions section as appropriate. Select Yes for Voluntary pension insurance or long-term savings contract contributions, and then click on Add new contribution.

Further information

Submitting the information and claims on a paper form

To claim the deductible pension or long-term savings contributions on paper, submit Form 50B – Capital income and deductions.

If you have borrowed money from your company, and the loan has been reported to the Tax Administration and taxed as part of your capital income, you are entitled to deductions during the subsequent years when you repay it.

Because limited-liability companies are under obligation to submit annual information to the Tax Administration, your pre-completed tax return may contain full details on the amounts of your repayments. After you have checked the amounts, make any necessary corrections and additions. 

If you have repaid a shareholder loan to a foreign company, you must indicate the amounts of your repayments yourself.

Using MyTax to claim the deduction and to add the required information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your shareholder borrowing and related repayments. To make any corrections, select the company’s name in order to edit the entries. If not all repayments are included, click on Add new shareholder loan and add the relevant amounts and information.

If no repayments are found under Pre-completed deductions, move on the Other deductions section. Select Yes for Repaid shareholder loan. Fill in the relevant facts about the shareholder loan and your repayments during the tax year.

Further information

Submitting the information and claims on a paper form

If you prefer to complete a paper form, use Form 13 – Account of shareholder loans and distribution of earned and capital income for dividends.

You can claim deductions in this section for your “other” expenses relating to the production of capital income. Possible other expenses include:

  • Costs that have a connection to your borrowing if you have borrowed money in order to produce income. However, interest is not dealt with here. Typically, a cost you can claim here would be a service charge payable to the bank when you sign a loan contract.
  • A secondary market compensation that you may have paid to the seller when buying a bond or debenture.
  • Foreign exchange-rate losses that have resulted from your transactions in foreign currencies.

If you have paid interest on various loans you have taken for the production of income, or on other loans that have a tax-deductible purpose of use, you can claim the deductions under Interest on loan.

Using MyTax to claim the deduction and to add the required information

The Pre-completed income and deductions section contains the deduction information that has been available to the Tax Administration. Check the pre-completed amounts and make corrections if needed. If any amounts or information is missing, you should make the necessary additions.

If no deductions of the above type are found under the Pre-completed income and deductions section, fill in the Other deductions section as appropriate. Select Yes for Other deductions from capital income. Then fill in the deductible expense and enter a text explaining the reasons why that expense should be deducted.

Submitting the information and claims on a paper form

To claim the deductions from capital income on paper, submit Form 50B – Capital income and deductions.

This section is for giving details on child-maintenance payments. If you have paid maintenance, you may qualify for the related tax credit.

If you have informed the Tax Administration of your maintenance payments during the year, when you requested a tax card or prepayment, etc., there will be a pre-filled deduction on your tax return accordingly. After you have checked the amounts, make any necessary corrections and additions. 

Using MyTax to claim the deduction and to add the required information

The Pre-completed income and deductions section contains the deduction information that has been available to the Tax Administration. Check the pre-completed amounts and make corrections if needed. If any amounts or information is missing, you should make the necessary additions.

If you claim the expense due to maintenance obligations for the first time this year, move on to Other deductions

Follow the instructions, starting from item no. 7 on this page: How to file the tax credit due to a maintenance obligation in MyTax.

Further information

Submitting the information and claims on a paper form

To claim the deductions or tax credits on paper, submit Form 50A – Earned income and deductions.

The credit for a deficit in the capital-income category is given to individuals automatically. The Tax Administration calculates it and subtracts it from the individual taxpayer’s earned-income tax. A deficit is created if deductions from capital income (such as interest expenses on a home loan) are greater than the capital income itself. 

  • If you qualify for tax credit for a deficit in capital income and you have underage children, you can request an increase of the credit.
  • You can also transfer the credit to your spouse’s taxes in situations where the sum of money relevant to the credit cannot be subtracted from your taxes.

To ask for these two procedures to be effected, the child increase to deficit credit, and the transfer to spouse, you must submit a demand before the date when the Tax Administration has completed the tax assessment for the year.

Using MyTax to claim the deduction and to add the required information 

Move on to the Other deductions section to demand the increase to the credit or the transfer to your spouse. Select Yes for Child increase to deficit credit and transfer to spouse, and then fill in the required details.

Further information

Submitting the information and claims on a paper form

To claim the increase to the credit or its transfer to your spouse on paper, submit Form 50B – Capital income and deductions.

You can demand spreading of your income across several tax years if you have received a lump-sum payment of at least €2,500 last year, and the lump sum:

  • was accrued in advance or retrospectively during two or more years, and
  • its amount is at least 25% of your net taxable earned income for the year. “Net taxable earned income” refers to the total amount of earned income minus expenses for the production of income.

If you have informed the Tax Administration of your claim during the tax year, when you requested a tax card or prepayment, etc., your pre-completed tax return may refer to the planned spreading of your income. After you have checked the amounts, make any necessary corrections and additions. 

If you have not claimed the income spreading treatment previously, you should do so when you submit the tax return. Claim it before the end of your tax assessment for the year in which you received the lump sum. 

If you need periodisation of pension income, you should make that request when you fill in the details regarding your pensions.

Using MyTax to claim the deduction and to add the required information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on your previously submitted demand of income spreading.  

However, if you have not informed the Tax Administration of it previously, move on to Other deductions. Select Yes for Claim for income spreading. Then proceed to add an enclosure that contains the required information. Add it as an attachment file.

Further information

Submitting the information and claims on a paper form

To demand income spreading on paper, submit Form 50A – Earned income and deductions.

 

This section is for the amount that you have paid to the seller when buying a bond or debenture (an aftermarket compensation or bonus). 

In most cases, the Tax Administration receives the information directly from the securities brokers. After you have checked the amounts, make any necessary corrections and additions.

Using MyTax to claim the deduction and to add the required information

The Pre-completed income and deductions section contains the information that has been available to the Tax Administration on a market compensation you have paid. To make any corrections, select the broker's name to edit the entries. If a just a part of the amount is showing, fill in the amounts that are missing.

If no paid compensation relating to a secondary-market transaction is found under Pre-completed deductions, fill in the Other deductions section as appropriate. Select Yes for Secondary market compensation collected, and then click on Add new.

Submitting the information and claims on a paper form

To claim the deduction on paper, submit Form 50B – Capital income and deductions.

Your employer submits reports to the Incomes Register, including the tax value of the company car that the employer has given you as a fringe benefit. This value is automatically transferred to your pre-completed tax return. It is included in the sum total of the wage income from the employer or payor.

Here you can demand a tax deduction based on a reduced tax value of a company car. An example of a situation where the value can be adjusted downwards is that you have driven more than 30,000 kilometres in business, or that the share of your private driving with the company car has been modest.

Using MyTax to claim the deduction and to add the required information

The fringe benefit consisting of a company car is included in the pre-completed tax return, but you demand that the value should be less

If your employer has sent the tax value to the Incomes Register, you can see your company car benefit under Pay and fringe benefits in the Pre-completed income and deductions section. 

  • Select the employer's name. Your fringe benefits including the car are contained by the sum total of wage income for the year. To see the exact tax value, look up the company-car entry on your pay slip.
  • Answer Yes to Do you claim reduction in the value of the car benefit? and fill in the details as appropriate. 

The company car is missing from your wage income

If the sum total of wages shown on the pre-completed return is not inclusive of your company car benefit, follow the instructions below:

  • Go to Pay and fringe benefits. First select your employer’s name, then click on Add new wage income to add the tax value of the company car for the year. After this, you should also inform your employer/payor of the missing value, so they can send their corrections to the Incomes Register.
  • Then go to Other deductions. Select Yes for Reduction in value of car benefit. Fill in the appropriate amounts.

Pre-completed income and deductions contain no information on your wages and salaries

If you have no wage amounts showing under Pre-completed income and deductions, or if there is no information on your company car, follow the instructions below:

  • Move on to Other income.
  • Select Yes for Wages, salaries, fees and compensation.
  • Select Add new payor, and then go to Amount of income to enter both your total wages and salaries and the total yearly value of your fringe benefit, the company car. Moreover, you should also inform your employer/payor of the errors, so they can send their corrections to the Incomes Register.
  • Then go to Other deductions. Select Yes for Reduction in value of car benefit. Fill in the appropriate amounts.

Further information

Submitting the information and claims on a paper form

If the company car’s value must be reduced and you make corrections on paper, submit Form 50A – Earned income and deductions.

If you have received forest as gift, you may be entitled to a deduction for donated forest. This deduction can be granted to a gift recipient under certain conditions, including large size of the forest land, a sufficient amount of income received from forestry during the tax year, and tax treatment of that income as capital income.

More information on the requirements and the amount of deduction (in finnish and swedish)

The deadline for submitting a claim for the deduction for donated forest is the date when the Tax Administration finishes your assessment for the tax year. You cannot claim this deduction on a retroactive basis, in reference to any earlier tax year.

Using MyTax to claim the deduction and to add the required information

Move on to Other deductions. Click Show more on the bottom of the page to make the Deduction for donated forest section to appear. Select Yes for Deduction for donated forest. Proceed to fill in the amounts and information. 

When you use MyTax to complete your tax return, the following amounts may be pre-filled on the appropriate lines: 

  • deduction bases of forest property received as gift
  • previously used deductions for donated forest
  • amount of deduction base available

You can use MyTax to make changes to the above. If no base amounts are found, you should fill them in yourself. After you have done so, MyTax will perform the necessary calculations to arrive at the deduction.

Submitting the information and claims on a paper form

If you claim this deduction by filling in a paper form, complete and submit Form 2L – Deduction for donated forest.

Pension that has been reclaimed or a social benefit that has been reclaimed – such as a daily allowance or a student grant – can be filled in here. 

If the payers of pension and benefits have demanded that you repay an amount to them, fill in the amount that you repaid.

Using MyTax to claim the deduction and to add the required information

Move on to Other deductions. Select Yes under Repayment deduction. Fill in the amount that you repaid to the organisation that had paid you a pension or a benefit.

Submitting the information and claims on a paper form

To claim the repayment deduction on paper, submit Form 50A – Earned income and deductions

This section is for any donation you may have given to a university or other institute of higher education. You can claim the deduction provided that you donated for the purpose of promoting science or arts. The deduction is granted to individuals and estates of deceased individuals.

Using MyTax to claim the deduction and to add the required information

Move on to Other deductions. Select Yes for Donation deduction first, then click on Add new donation.

Further information

Submitting the information and claims on a paper form

To claim the deduction on paper, submit Form 50A – Earned income and deductions.

Automatically granted deductions

The deductions listed below are independent of whether you claim them or not. The Tax Administration deducts the amounts in an automated process:

Your tax decision shows the deducted and credited amounts. Read more about the automatically granted deductions 

International and cross-border cases

If you have left Finland – or if you have arrived in Finland to work here – you are entitled to claim:

  • I am claiming tax treatment as a foreign resident based on a tax treaty.
  • I request nonresident status, i.e. limited tax liability
  • I request exemption from tax or tax relief based on a tax treaty because I am a student, teacher or researcher.
  • I request that my A1 certificate or a similar certificate be considered in the Finnish tax assessment, as it proves that I am covered by social security in my country of residence.

If credit for the taxes you have paid to foreign countries (reverse credit) is claimed, see specific instructions under Pension income or Non-resident's pensions and payments.

If you are  a nonresident and you work in Finland as a leased employee and your deduction for tax at source is wrong (or is missing) on your pre-completed tax return, you can complete Form 50A – Earned income and deductions to demand the deduction. Please note that you cannot use MyTax to send the demand for this deduction, and it is not possible to make corrections to it in MyTax if the deduction is given to you but the amount is wrong. The information you must fill in on Form 50A is the period(s) when you worked in Finland and for how many days in total. If you have asked for progressive taxation instead of taxation at source, the tax-at-source deduction is not reported or claimed.

If you are a nonresident and you have received dividends on which the payor withheld Finnish tax at source (or other such income on which tax at source was withheld upon payment in Finland), do not include them in your Pre-completed tax return.

Using MyTax to claim the deduction and to add the required information

Move on to Other deductions. Go to International and cross-border cases to submit the claims you need to make. Select Yes if you want to invoke a tax treaty or if you claim treatment as a person with limited tax liability. Tick the box as appropriate. Attach scanned copies of documentation as necessary.

However, if you received income from a foreign source and you want to report that income, navigate to Foreign income to do that.

Further information

Read more

Submitting the information and claims on a paper form

Use the right enclosure:

Loss deductible from capital income

This section contains the following amounts:

  • loss from a capital redemption policy
  • loss from a voluntary fixed-term pension insurance
  • loss from an endowment insurance contract
  • loss related to certain insurance contracts, subject to special tax treatment

In most cases, the Tax Administration receives information on these losses from banks and insurance companies. After you have checked the amounts, make any necessary corrections and additions. 

Using MyTax to claim the deduction and to add the required information

The Losses deductible from capital income section under Pre-completed income and deductions section contains the information that has been available to the Tax Administration. To make any corrections, select an item by name to edit the entries.

If no deductible losses are found under Pre-completed deductions, fill in the Other deductions section as appropriate. Select Yes for Loss deductible from capital income and select the type of loss. 

Submitting the information and claims on a paper form

To claim the deduction from capital income on paper, submit Form 50B – Capital income and deductions.

How to save your entries and how to send the completed tax return

If all the information and amounts are right and you make no corrections

If everything is correct and nothing is missing, you do not have to submit the tax return.

If additions and corrections are necessary

You can make changes one or more times.

  • Option 1: Make additions and corrections during a single session. Submit the tax return by the due date. We will send you a confirmation of receipt after receiving the return.

  • Option 2: You 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 and fill in the new details.

    Whenever you have filed details on income or deductions, they will be displayed as pre-completed data starting from the next day.

  • Option 3: You can also save the tax return as unfinished and continue later. The details are stored for 2 weeks. When you save the return again, a new 2-week period begins. Finally, remember to submit your tax return by the due date to transmit the information to the Tax Administration.