Finland Tax Agency Updates Guidance on Farm Rental Income

The Finnish Tax Administration March 5 posted online Guidance No. VH/6795/00.01.00/2024, updating the guidance on farm rental income due to changes in the law that entered into force at the beginning of 2025. Topics covered include: 1) that from Jan. 1, rental income from agricultural and forest land is no longer taxed as agricultural income, but rather as personal capital income, applicable to all agricultural and forestry operators; 2) that rental income from buildings, structures, and construction sites on farms will continue to be considered agricultural income; 3) that with respect to changes regarding the conduct of VAT-free small business ...