Pay the taxes on the income you receive from investments
You must take care of paying the taxes on the sales profit of your investments, such as shares and fund shares. When you sell shares, you must pay tax on the sales profit.
With regard to dividend income, profit shares of investment funds and income from equity savings accounts, the payor or the bank withholds taxes and forwards them to the Tax Administration. This means that you do not need to take care of the taxes yourself.
Pay the tax on the sales profit from shares yourself
You must pay capital income tax on the profit you receive from selling your investments.
Tax rate on capital income
| Up to €30,000 | 30 % |
|---|---|
| Over €30,000 | 34 % |
You can either pre-pay the tax on the sales profit or make an additional prepayment.
Make a tax prepayment
You should primarily make a prepayment of the tax on the sales profit from your investments. If your prepayment is sufficient, you will not have to pay back taxes, i.e. residual tax.
You can request prepayment by one of the following methods:
- Via MyTax
- With the form 5010 (Application for tax card and/or tax prepayment)
- If you file the information on paper, enclose Form 9 with your request
- By telephone via the tax card service number +358 29 497 000.
How to apply for prepayment online in MyTax
You will receive a decision on income-tax prepayment in MyTax and by post. If you have activated suomi.fi/messages, you will receive an e-mail message to the e-mail address you have given. The message will inform you of the prepayment decision being ready for viewing in MyTax. The decision includes information on how to pay the tax. You can pre-pay either in MyTax or in your e-bank, as an e-invoice or through direct debit.
Request and pay taxes as an additional prepayment
If you have not requested prepayment, or if the prepayment was not large enough, you can apply for an additional prepayment. An additional prepayment can request and pay starting the tax year’s December. After you have submitted the request, you receive the Tax Administration’s decision concerning pre‑assessment enclosed with a bank transfer form. Later, the opportunity to make an additional prepayment remains open until the Tax Administration finishes the assessment of the individual’s taxes for the year.
See the instructions: How to request and make an additional prepayment.
If you request and make a sufficient additional prepayment, you will not need to pay back taxes. You can request an additional prepayment by one of the following methods:
- Via MyTax
- By telephone via the tax card service number +358 29 497 000
- With the form 5010 (Application for tax card and/or tax prepayment).
How to request an additional prepayment in MyTax
When you have requested an additional prepayment, you will receive the payment details and the decision on the additional prepayment in MyTax and by post. You can make the additional prepayment in MyTax or your online bank, for example.
You can also request an additional prepayment later, as long as you do it before your tax assessment ends. You can see the end date of your tax assessment on the tax decision you have received.
Please note, however, that you will have to pay late-payment interest with relief on the additional prepayment starting from the end of February until the due date of the back taxes or the due date of the additional prepayment.
You can see the amount of the late-payment interest with relief in MyTax, for example.
Example: Jaana sold EUR 20,000 worth of shares in December 2023. She received EUR 5,000 as profit from selling the shares. Jaana must pay EUR 5,000 × 30% = EUR 1,500 of capital income tax on the sales profit.
Jaana should request an additional prepayment and make the payment it in January 2024. In this way, she can avoid back taxes and late-payment interest with relief.
See instructions: How to request and make an additional prepayment.
The end date of Jaana’s tax assessment is only at the end of June 2024, and therefore she can request and make an additional prepayment until then, if she wants. Starting from February 2024, however, she will have to pay late-payment interest with relief on the additional prepayment.
The party paying the dividend or profit share withholds the tax
Before paying you the dividend or profit share of an investment fund, the company withholds tax on the amount. The company also forwards the withholding tax to the Tax Administration. This means that you do not have to pay the tax yourself.
When you receive the pre-completed tax return, check all the information. If information on dividends or profit shares of investment funds is not included in the tax return or if the information is inaccurate, log in to MyTax and make corrections by the due date indicated on the return.
| Withholding tax on dividends you receive from a listed company, i.e. public company Read more on the taxation of dividends from a listed company. |
25,5 % |
|---|---|
| Withholding tax on dividends you have received from an unlisted company, i.e. not a public company, if the dividend is EUR 150,000 at maximum Read more on the taxation of dividends from an unlisted company |
7,5 % |
| Withholding tax on dividends you have received from an unlisted company, i.e. not a public company, if the dividend is over EUR 150,000. Withholding tax on the part over EUR 150,000. Read more on the taxation of dividends from an unlisted company |
28 % |
| Withholding tax on a profit share of an investment fund Read more on the taxation of dividends from an unlisted company |
30 % |
A foreign payer can withhold tax at source, but it does not withhold tax otherwise.
Income from equity savings accounts is also subject to withholding tax
Tax on income from equity savings accounts is withheld by your bank or other service provider. Tax is only withheld when you withdraw money from your equity savings account. The withholding rate for the profit from an equity savings account is 30%. Read more about the taxation of equity savings accounts.