pääomatuloveroon

Pääomatulovero is the Finnish term for capital gains tax. It is a tax levied on income derived from capital, such as profits from selling assets like stocks, bonds, real estate, or other investments. The Finnish tax system distinguishes between earned income and capital income, with capital income taxed at a separate, generally lower rate than earned income.

The capital income tax rate in Finland is a flat rate. For income up to €30,000 per year, the tax rate is 30%. For capital income exceeding €30,000 annually, the portion above this threshold is taxed at a rate of 34%. This progressive structure means that higher amounts of capital income are taxed at a slightly higher rate.

Various types of income are classified as capital income. These include dividends from shares, interest income from bank deposits and bonds, rental income from properties, and profits realized from the sale of capital assets. Losses incurred from capital investments can typically be offset against capital gains in the same tax year, and any remaining losses can be carried forward to future tax years to reduce future capital gains tax liabilities.

The purpose of the pääomatulovero is to tax wealth and investment returns. It plays a significant role in Finland's overall tax revenue. The specific rules and regulations surrounding capital gains tax are detailed in Finnish tax legislation and are administered by the Finnish Tax Administration (Verohallinto). Taxpayers are responsible for reporting their capital income and any associated losses to the tax authorities annually.