Finland Tax Agency Updates Guidance Clarifying Taxation of Partnerships

The Finnish Tax Administration Feb. 7 posted online Guidance No. VH/602/00.01.00/2025, clarifying the taxation of partnerships. The updated guidance includes: 1) information on partnership formation and the impact of ownership changes, such as the capital gains tax implications for specified asset transfers; 2) a clarification on the income taxation of partnerships, including the treatment of farm rental income and unused equalization and expense reserves; 3) the VAT, real estate tax, transfer tax, and inheritance and gift tax treatment of partnerships; and 4) information on partnership dissolutions and the income tax treatment of changes to a partnership’s operating form. The guidance ...