yhtiöverolakiin

Yhtiöverolaki, or the Finnish Corporate Tax Act, governs the taxation of limited liability companies and other similar legal entities in Finland. It establishes the rules and principles for calculating and paying corporate income tax. The primary goal of the yhtiöverolaki is to ensure fair and consistent taxation of corporate profits.

The act defines what constitutes taxable income for corporations, which generally includes profits derived from business operations. It also outlines permissible deductions, such as business expenses, depreciation of assets, and certain financial costs. The tax rate is set by separate legislation but is applied according to the definitions and principles laid out in the yhtiöverolaki.

Key provisions of the yhtiöverolaki cover aspects like the taxation of dividends, capital gains, and international tax issues, including rules for preventing tax avoidance and double taxation. It also specifies reporting obligations for companies, requiring them to submit tax returns and maintain adequate accounting records. The Finnish Tax Administration (Verohallinto) is responsible for the enforcement and administration of the yhtiöverolaki. Amendments to the act are made periodically to adapt to economic changes and align with international tax standards.