Finland Tax Agency Posts Preliminary Board Ruling on Taxation of Bonus Points for Insurance Premiums

The Finnish Tax Administration Oct. 11 posted online Central Tax Board Preliminary Decision No. KVL:2024/31, clarifying the taxation of bonus points for insurance premiums. Two of the parties agreed to cooperate such that their joint customers received bonus points based on premiums for risk person insurance policies. The points could be used for payment in a partner corporation’s stores. The taxpayer purchased these policies, and the premiums were the taxpayer’s living expenses. The bonus program was generally available, and the costs of the bonus points were covered by the insurance seller. The Central Tax Board held that the bonus points ...