The pre-completed tax return – making corrections in MyTax or on paper

In March or April, you will receive your pre-completed tax return in MyTax and by post. If you have activated Suomi.fi messages, you will receive an email when the tax return is ready for viewing in MyTax.

See the planned schedule for tax returns

Check your tax return and make the necessary corrections and additions. If all the information is correct, you do not need to do anything. 

These instructions follow the order of the tax return’s sections in MyTax. It is not entirely the same order as on the paper version. However, the text below covers all the sub-headings and sections of the paper form.

Please note that the MyTax view does not contain numbered enclosure forms (such as Form 7H Rental income – Apartments in a housing company, or other numbered forms). Instead of having to fill in many numbered forms for different kinds of income, you simply enter the amounts under the appropriate sections in MyTax. There is a specific section for rental income, for example.

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    First, go to the Individual income tax section and select Tax year 2021, then click the link Check your pre-completed tax return.

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    Click Correct.

Background information

This section contains the following personal information as applicable to you:

  • name
  • bank account number in the Tax Administration records
  • municipality of domicile
  • parish (basis for church tax)
  • spouse
  • number of underage children
  • disability percentage. 

The Tax Administration receives most of the above information (name, municipality of domicile, etc.) from the Population Information System. If it is necessary to make corrections to the above information, you can contact the DVV to request that any errors are put right.

How to file in MyTax

In the Basic details section, you can inform the Tax Administration if you have separated from your spouse during the tax year.

How to file on paper

To inform the Tax Administration of a disability percentage or of a separation, you can submit Form 50A (Earned income and deductions).

If your bank account number is wrong or missing, submit the correct account number. MyTax shows the bank account number in the international IBAN format.

MyTax also allows you to submit the bank account number of your underage child. Children under 18 can also submit their own bank account numbers in MyTax if they have personal online banking codes or a mobile certificate.

This section contains the following details on assets:

  • apartments, i.e. shares in housing companies and mutual real estate holding companies
  • shares in other companies and cooperatives (not customary shares in consumer cooperatives and cooperative banks)
  • real estate property
  • shares in investment funds and UCITS
  • other securities and book-entry shares (not bonds or debentures subject to tax at source on interest income or corresponding bonds or debentures within the EEA)
  • equity savings account
  • shares in general partnerships, limited partnerships and other partnerships
  • rights of possession or rights of use to a real estate unit, to shares in housing or real estate companies or to other securities
  • assets and property located outside Finland. 

Do not report other assets, such as cars, boats or household effects.

To check the full details on the real estate units you own, see the real estate tax return. If you have bought, acquired, sold or otherwise transferred a real estate unit, or if repairs or changes have been made to a real estate unit you own, report the details on your real estate tax return.

The tax return shows the assets that were in the Tax Administration records on 31 December 2021.  If the details on assets contain errors or if an item of property is not shown, please make corrections as appropriate. Also report the changes to your assets that have taken place during the tax year.

How to file in MyTax

The assets on record are listed in the first part of the tax return, i.e. in the Background information stage.

  • If only some of your assets and property are shown under Details on assets, click the Add a new asset button to add the missing details.
  • If you have sold or otherwise transferred your assets, report the details on the transfers later in their own sections (Capital gains or Profits from selling securities).

How to file on paper

Select a correct form:

Income

Pay, fees and pensions

This section contains the following details:

  • Wages, salaries, fees and compensation:
    • wages
    • fringe benefits
    • fees and compensation received in private or public sector employment
    • employee stock options and stock grants
    • taxable reimbursement of expenses
    • reimbursements of a daycare provider's expenses
    • staff loan interest benefit regarded as wages
    • insurance premiums regarded as wages
  • Trade income and compensation for use:
    • trade income received by a person who is VAT liable
    • trade income received by a person who is not VAT liable
    • compensation for use, royalties and compensation for employee invention
  • Foster care provider’s or family caregiver’s fees
  • Dividends and surplus based on work effort, treated as trade income or wages
  • Income from seafaring (wages and fringe benefits)
  • Other earned income:
    • sportsperson’s and athlete's fees
    • other taxable income subject to withholding including receipts of grants to support a recreational activity and miscellaneous fees received
    • occasionally
    • personnel fund units and surplus
    • supplementary daily allowance from a health insurance fund
    • expense reimbursement paid to conciliator
  • Wages paid by a foreign employer:
    • wages received from a foreign employer that does not have a permanent establishment in Finland
    • wages from a foreign employer based on a net-of-tax contract or seafarer's income from a foreign employer
    • foreign wage income and seafarer's income subject to health insurance contribution only
    • employee stock options and stock grants based on foreign wages and seafarer's income.  

The employer or other payor submits reports to the Incomes Register on all the wages it pays out. The Tax Administration receives the payroll information from the Incomes Register and transfers it to your pre-completed tax return. 

If there are errors in the amounts or if something is missing, make the necessary corrections and inform your employer/payor of the errors so that they can submit the corrections to the Incomes Register.

If you claim reduction in the value of a car benefit, see the guidance in section Reduction in the value of a company car benefit.

Further information

How to file on paper

If you file or correct your wage details on a paper form, submit Form 50A – Earned income and deductions.

The benefits in this section include: 

  • earnings-related unemployment allowance
  • basic daily allowance
  • labour market subsidy
  • maternity allowance
  • parental allowance
  • allowance for child home care
  • study grant
  • sickness allowance
  • adult education allowance
  • temporary epidemic support received from Kela
  • allowance for communicable diseases.

This section is not for reporting any benefits that you may have received from payors outside of Finland. Enter benefits from abroad separately in the Foreign income section.

Kela and other payors of benefits report the data to the Incomes Register. The Tax Administration receives the information from the Incomes Register and transfers it to your pre-completed tax return. Check the details and make corrections if needed. If you notice any errors, you should also inform the payor of the errors, so they can submit corrections to the Incomes Register.

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on your receipts of various benefits. 

If corrections are necessary or if you need to add a new benefit from the same payor, do as follows:

  • Under Benefits and pensions in 2021, click the link with the payor's name.
  • Click the Edit details button. If necessary, you can also delete incorrect benefit information by clicking the Delete information button.
  • If benefits paid by the same payor are missing, click the Add benefit button.

If you need to add a new benefit from a new payor, click the Add a payor button.

If no benefits income is pre-completed, move on to the Other income stage. Select Yes for “Benefits and pensions treated as earned income, reported to the Incomes Register by the payor”. Then click Add a payor.

  • First select the payor (Kela, Keva or Other Finnish payor).
  • If you selected Other Finnish payor and you cannot find the name of the payor on the list, scroll to the section Other Finnish payor, select it and then enter the name of the payor in the field that appears.
  • Click the Add a benefit button and report the type and amount of the benefit.
  • Scroll down and correct the total amount of withholdings under Withholdings on benefits and pensions.

You can click Add a benefit again as many times as you need in order to add details about other benefits.

How to file on paper

If you report or correct benefit information on paper, submit Form 50A – Earned income and deductions.

This section contains your pension income from Finnish sources:

  • earnings-related pensions and pensions for the self-employed
  • pension in accordance with the National Pensions Act
  • guarantee pension
  • pension based on insurance and taxed as earned income
  • pensions you receive as a non-resident taxpayer. 

If you have received pension from abroad, check or fill in the details under Foreign income.

The payor of the pensions reports the data to the Incomes Register. The Tax Administration receives the information from the Incomes Register and transfers it to your pre-completed tax return. Check the details and make corrections if needed. If you notice any errors, you should also inform the payor, so they can submit corrections to the Incomes Register.

Periodisation of retroactive pension

If you have been paid a lump sum of statutory pension retroactively, you can request periodisation of the pension income, i.e. that the income be allocated as earned income for a previous year. You can request periodisation if you have been paid retroactive pension for at least 3 months for a previous year and if the amount is at least €500.

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on your receipts of pensions.

If corrections are necessary or if you need to add a new pension from the same payor, do as follows:

  • Under Benefits and pensions in 2021, click the link with the payor's name.
  • Click the Edit details button.
  • By clicking the Edit details button, you can also request the periodisation of retroactive pension. Answer Yes to the question “Do you request periodisation of pension income?” and then fill in the required details. You can also submit details on the periodised pensions as an attachment.
  • If pensions paid by the same payor are missing, click Add a pension.

If you need to add a new pension from a new payor, click Add a payor and enter the required details.

Non-resident’s pensions

If you live in a foreign country and you are a non-resident taxpayer, you can see your pensions under Non-resident’s pensions.

  • You can see the information by clicking the Edit details button.
  • By clicking the Edit details button, you can also request the periodisation of retroactive pension. Answer Yes to the question “Do you request periodisation of pension income?” and then fill in the required details. You can also submit details on the periodised pensions as an attachment.
  • If pensions paid by the same payor are missing, click the Add a pension button.
  • If you need to add a new pension from a new payor, click Add a payor and enter the required details.

Pension income and taxes paid abroad (reverse credit)

According to certain tax treaties, double taxation is eliminated exceptionally in the country from which the income is received. Tax paid on Finnish pension to a foreign country of residence can be credited if

If you live in one of these countries and have paid taxes to your country of residence from income you received from Finland, you can claim credit for taxes paid abroad.  In this case, select Yes in the section Taxes paid abroad and enter the amount of tax.

How to file on paper

If you file or correct your pension details on paper, submit Form 50A – Earned income and deductions.

Further information

This section contains the following:

  • pension, benefits and taxable life annuity paid by a natural person and an estate
  • payment based on a long-term savings contract, taxed as earned income
  • payment based on a long-term savings contract, taxed as capital income and raised by 20% or 50%
  • annual capital income payment based on a long-term savings contract
  • assets saved under a long-term savings contract and paid out in circumstances where the owner or another person entitled to the assets has died.

The Tax Administration receives information on paid-out pensions and the taxes withheld on the amounts directly from the payors. Accordingly, the pre-completed tax return often contains details on the pensions. 

Enter pensions you have received from abroad separately in the section Foreign income.

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on your receipts of pensions.

If you wish to make corrections, click Edit and enter the amount of pension and the amount withheld.

If a pension or a payment you have received based on a long-term savings contract is missing, click Add new pension and fill in the missing details.

Further information

How to file on paper

If you file or correct pension information on paper, submit Form 50A – Earned income and deductions.

This section contains the following:

  • taxable strike pay
  • repayment of statutory pension insurance premiums

The Tax Administration receives information on paid-out strike pay and repayments of pension insurance premiums as well as on the taxes withheld on the amounts. These details are usually available on the pre-completed tax return.

How to file in MyTax

The Pre-completed income and deductions stage contains the information on strike pay and repayments of pension insurance premiums that has been available to the Tax Administration.

If you wish to make corrections, click Edit and enter the benefit amount and the amount withheld. If some of the payments you have received are missing, click Add new benefit and enter the required details.

How to file on paper

If you file or correct benefits information on paper, submit Form 50A – Earned income and deductions. Report this information in section 5 Benefits.

Capital income

This section contains the following:

  • the returns derived from insurance contracts subject to special tax treatment (§ 35b of the act on income tax)
  • profit from a capital redemption policy
  • other pensions and benefits taxable as capital income
  • pensions based on voluntary pension insurance.

The payor of the pensions reports the data to the Incomes Register. The Tax Administration receives the information from the Incomes Register and transfers it to your pre-completed tax return. Check the details and make corrections if needed. If you notice any errors, you should also inform the payor, so they can submit corrections to the Incomes Register.

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on your receipts of pensions that are treated as capital income. 

If corrections are necessary or if you need to add a new pension from the same payor, do as follows:

  • Under Pensions in 2021, click the link with the payor's name.
  • Click the Edit details button.
  • If pensions paid by the same payor are missing, click the Add a pension button.

If you need to add a new pension from a new payor, click Add a payor and enter the required details.

If no pension income as described above is pre-completed, go to the Other income stage. Select Yes in the section “Pensions treated as capital income, reported to the Incomes Register by the payor” and then click Add a payor.

  • Select the name of the payor from the drop-down menu and click Add a pension.
  • If you cannot find the name of the payor on the list, scroll down the menu to the section Other Finnish payor, select it and then enter the name of the payor in the field that appears.
  • Click Add a pension and report the type and amount of the pension.

Non-resident’s pensions

If you live in a foreign country and you are a non-resident taxpayer, you can see your pensions under Non-resident’s pensions. If corrections are necessary or if you need to add a new pension from the same payor, do as follows:

  • Select the link with the payor's name.
  • Click the Edit details button.
  • If pensions paid by the same payor are missing, click the Add a pension button.

If you need to add a new pension from a new payor, click Add a payor and enter the required details.

If no pension income is pre-completed, go to the Other income stage. Select Yes in the section Pensions treated as capital income, reported to the Incomes Register by the payor and then click Add a payor.

  • Select the name of the payor from the drop-down menu and click Add a pension.
  • If you cannot find the name of the payor on the list, scroll down the menu to the section Other Finnish payor, select it and then enter the name of the payor in the field that appears.
  • Click Add a pension paid to a non-resident and enter the type and amount of the pension. 

How to file on paper

If you file or correct the above details on paper, submit Form 50B – Capital income and deductions. Report pensions treated as capital income in section 3 of the form.

This section contains the following amounts of income:

  • Compensation for use that you have received in exchange for use of a copyright or industrial property right that you have inherited or bought (royalty). Copyright royalties may be related to a literary work, a work of art, or a photograph. Industrial property rights include patents, design rights and trademarks.
  • Capital income paid to you by your employer, e.g. guarantee commissions and interest on wage receivables. 

Any information on other kinds of compensation for use must be reported under Compensation for use and compensation for employee invention.

Payors of copyright royalties and the employers that have paid capital income to a worker must submit reports on these amounts to the Incomes Register. The Tax Administration receives the information from the Incomes Register and transfers it to your pre-completed tax return. Check the details and make corrections if needed. If you notice any errors, you should also inform the payor, so they can submit corrections to the Incomes Register.

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on your receipts of compensation for use and capital income paid by your employer. 

  • To make corrections, select the link with the payor's name and edit the details. If only some of the income is shown, select Add income to fill in the missing details.
  • If any payor’s information is not pre-completed, click Add new payor to enter the relevant information. 

If no income as described above is pre-completed, go to the Other income stage. Select Yes for Compensation for use capital income and capital income paid by employer. Then click Add new payor.

  • Fill in the payor’s information and click the Add income button.
  • Enter the type of the income and the amount. Also enter the amount withheld from the income. 

How to file on paper

If you file or correct the above income information on paper, submit Form 50B – Capital income and deductions. Report this type of income as other capital income under the paper form’s section 3.

This section is for the rental income you have received for offering e.g. the following types of assets for rent:

  • apartment(s) in a housing company
  • real estate property
  • timeshares related to vacation homes
  • cars, caravans, boats
  • machinery or equipment. 

The related expenses can also be reported here. See a list of expenses that can be deducted from rental income.

It is necessary to report the details on your rental operations although it might be that your rental income has been low, and after the related deductible expenses, you have little or no income subject to tax.

Information on any rental income relating to an agricultural farm must be reported on the tax return for agriculture. This income includes the rental income you may receive from renting out a field.

If you have previously informed the Tax Administration of your rental income when requesting a tax card or when completing another tax return or if you have paid rental-related prepayments, there may be a pre-filled amount on your tax return.  Check all the entries, and if anything is missing, make corrections as appropriate.

How to file in MyTax

The Pre-completed income and deductions stage contains the information made available to the Tax Administration on your rental income. If you make corrections, select the link for the rented-out property. Edit the necessary details.

If only some of the rental income is shown, add the missing income by clicking the Add new rental income button.

If no rental income is pre-completed, got to the Other income stage. Select Yes in the Rental income section and click the Add new rental income link.

  • Select the type of property and assets you have rented out.
  • Enter more detailed information on an apartment, for example. Note that you can only report the details of one apartment at a time.
  • Report all the tenants who have rented this property during the year.
  • Enter the rental income and expenses of this particular property in their respective fields.
  • Click OK.

If you have received rental income from other sources as well, click Add new rental income again.

If you make depreciations on the acquisition costs for buildings, furniture, appliances and other movable property, report the information in the Calculation of depreciation section.  Read more about depreciation 

Note: Any rental income you have had from a source outside of Finland must be reported under the Foreign income section.

Further information

How to file on paper

Select a correct form:

This section contains information on the sales and other transfers of property, including:

  • shares that entitle to own an apartment in a housing company or in a real estate holding company
  • real estate such as a house, a plot of land or a farm
  • capital gains from virtual currencies, such as bitcoin (enter the profits from the mining of virtual currency at Other earned income).
  • corporate stock in a non-listed company (not traded at a stock exchange)
  • shares relating to a business partnership, such as a general partnership or a limited partnership
  • fixed assets i.e. machinery that you have used in a forestry operation.

Note: Your capital gains and capital losses from trading with securities are shown in their own section. Go to the Foreign income section to report details on any selling and transfer of property located in foreign countries.

The capital gains and losses that have resulted from your selling of real estate, housing-company shares and other property are pre-filled on your pre-completed tax return. These gains and losses have been calculated by the Tax Administration and they are based on the information that has been available. Check all the entries, and if anything is missing, make corrections as appropriate.

Report all transfers of property even if the gains were not taxable income or if the losses were not deductible. For example, selling your home is exempted from tax, and in the same way, if property has changed hands under the tax rules on passing a farm or business on to certain close relatives, the transfer is exempted.  Although the transactions described above were tax-exempt when they were made, you are still expected to report them.

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on your transfers of property. If you make corrections, select the link for the rented-out property/asset. Edit the necessary details. If only some of the transfers are showing, click the Add a new transfer button to fill in the details that are missing.

If no details on transfers are pre-completed, go to the Other income stage. Select Yes in the Capital gains and losses section, and then click Add new transfer.

First select the type of property you have transferred:

  • shares in a housing company or real estate company
  • real estate such as a house or a plot of land
  • virtual currencies
  • other property including timeshares, shares of a golf course company, or selling of shares in a non-listed company.

Then fill in the required details. Scroll down the bar on the right to see all the sections.

In the case of virtual currencies, see the instructions: How to report gains and losses from virtual currencies in MyTax.

If you had co-owned the sold property together with someone else,

  • You must only enter a selling price that reflects your co-ownership (do not enter the full selling price that was received).
  • In the same way, when you fill in the other fields, enter your portions only, in proportion to the part you had co-owned, of the property’s acquisition cost, and of the property’s selling expenses.
  • If you have sold property together with your spouse, for example, it is important that they submit their own report to the Tax Administration to give details on the sale. 
  • If you have sold all of the co-owned property’s portion that belonged to you, answer Yes to “Have you sold the entire apartment?”.
  • If you did not sell your personal portion entirely, answer No.  Enter the sold part as a fraction or as a percentage. For example, if you sold half of the part that you owned, you can enter 50% or ½. 

If the sales transaction is tax-exempt because it consisted of selling your home,

  • Answer Yes to “Was the sold apartment your own permanent home?”
  • Then fill in the required details.
  • Finally, click OK.

Further information

How to file on paper

This section is for the capital gains and losses related to the following categories of assets and property:

  • corporate shares and securities of other types, including those that you sold through the services of a foreign remote intermediary
  • shares in investment funds
  • refunds of corporate capital to shareholders, when the refund it treated as a transfer of property for tax purposes and when a non-listed company paid the refund.

In addition, sales or redemption transactions relating to bonds or debentures can result in taxable capital gains or tax-deductible capital losses.

The Tax Administration usually receives the information on sales of securities and fund shares from banks, other intermediaries and investment fund companies in Finland and other countries. Check the information and make additions as necessary. 

If the acquisition date and acquisition price are missing

The pre-completed tax return may be missing the acquisition date and the acquisition price of a security, for example. In this case, to calculate the taxable capital gain, we apply a deemed acquisition cost, which is either 20% or 40% of the selling price of the shares.

The capital gain is calculated with this method in the preliminary tax calculation. Check all the entries, and if anything is missing, make corrections as appropriate.

If acquisition details are missing, you should look up the information on the documentation you received from the bank, for example. If you cannot find the details, you can, as a minimum, fill in the year when you bought the securities. The year has an impact on the size of the deemed acquisition cost. To fill in the year, enter it in the Acquisition date field as 1 January. For example, you can simply enter 1 January 1998 and leave the other fields blank.

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on your transfers of property. If additions and corrections are necessary, click the Open specification button. This will open a specification on your securities trading. Click the name of the security that contains incomplete information in order to add the missing details.

Alternatively, you can enclose the bank’s specification on your securities trading as an attachment file. If you provide such an attachment, add up the selling prices for all securities you have sold during the tax year and report the gains and losses separately.

  • If no transfer information is pre-completed, go to the Other income section and report the information there. Select Yes in the section Profits from selling securities and click the Open specification button.
  • Select whether you want to give details on the securities in the specification or as an attachment:

A I will give the details on the security in the specification

  • Click the Add new transfer button
  • Select the type of the transfer, i.e. whether the transfer concerns securities or capital.
  • Then fill in the required details.
  • Finally, click OK.

B I am submitting details on the securities as an attachment

  • First, attach a file you have received from a bank, for example, by clicking the Add file button. Select Attachment regarding sales of securities as the type of the attachment and write a description describing the attachment. You can add multiple attachments.
  • Also fill in the fields in the Value of transfers section. Add up the selling prices for all the securities you have sold during the tax year. Also report capital gains and capital losses. Make sure that the details in the attachment match the total amounts entered in the fields.

If you owned bankrupt-company shares, you need to write off the loss caused by the bankruptcy. To receive the tax deduction, do this:

  • Click the Open specification button under Transfers of securities, year 2021. Your purchase transactions related to the bankrupt company will appear.
  • Click each one of the links that contain names of that company’s shares.
  • Because of the bankruptcy, the pre-filled information shows “€0” as their selling price. Check the pre-filled purchase prices and expenses related to the purchases of shares. If everything is correct, click OK. After this, the system will transfer the loss caused by your bankrupt-company stockholding to the tax calculation. If you had bought the shares in several batches, remember to check the pre-filled information on all of them, purchase by purchase.
  • If nothing appears on your tax return regarding your shareholding in the bankrupt company, you must enter your shares’ purchase price, the expenses connected to the purchase, and the selling price (€0) into the appropriate fields in MyTax.

Further information

How to file on paper

If you report profits or losses incurred from the sales of securities in Finland and other countries on a paper form, use Form 9A. Also use Form 9A to report any sales carried out through a remote intermediary in a foreign country.

However, Form 16B must be used when reporting other capital income resulting from transactions carried out through a remote intermediary.

This section contains the following:

  • dividends from listed companies
  • dividends from non-listed companies
  • dividends paid out in some other form than money (dividends in natura)
  • refunds of capital from listed companies, taxed as dividend income
  • profit surplus from a cooperative. 

The Tax Administration usually receives the information on receipts of dividends from banks and other intermediaries in Finland and other countries. In the same way, the annual information returns that the Tax Administration has received from unlisted companies and cooperatives have provided the pre-completed dividend and surplus information. Check all the entries, and if anything is missing, make corrections as appropriate. Read more about the taxation of dividends.

If you are a shareholder-entrepreneur or a majority shareholder

If you are a shareholder-entrepreneur and you have borrowed money from your company, report the unpaid amount of the shareholder loan at the end of the tax year.

If you are a majority shareholder and you have used a residential property belonging to the dividend paying company, report the residential property’s value in accordance with the previous year’s calculation of company net worth (the property’s book value in accounting or the taxable value, which is higher).

Enter the value of the residential property only if you own more than 30% of company shares or votes. You are treated as being a majority shareholder also if the ownership interest or holding of votes exceeds 50% when your personally owned shares are added to your family members’ shares.

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration concerning your dividends. To make corrections, select the link with the name of the company that paid you dividends. Edit the necessary details. If only some of the dividends and surplus you received are showing, click Add new dividend income to fill in the missing details.

If no details of dividend income or surplus is pre-completed, move on to the Other income stage. Select Yes in the section Dividend income and then click the Add new dividend income button. Select whether you received dividends from listed companies or unlisted companies and report the required details.

Go to the Foreign income section to give details on any receipts of dividend income from sources in foreign countries.

How to file on paper

If you provide information relating to dividends on a paper form, use the correct form:

In addition, complete and submit Form 13 – Account of shareholder loans and distribution of earned and capital income for dividends, if you are

  • a majority shareholder and you have used a residential property belonging to the dividend paying company, or you have borrowed money from the company
  • a shareholder-entrepreneur and you have borrowed money from your company.

This section includes:

  • income in the form of revenues from life insurance contracts, either investment-based or savings-based (including a “shell” contract)
  • interest income from private lending
  • exchange rate gains
  • profits from selling timber if the trees were felled on a plot of land (e.g. at a summer cottage). Note that you must report profits from selling timber from a plot of land even if the information is pre-completed in the forestry specifications.
  • revenue from the sale of soil
  • income from the mining of virtual currency, taxed as capital income (the proof-of-stake protocol). 

The Tax Administration usually receives information on capital income from banks, other intermediaries of securities, and from other payors. Check the information and make additions as necessary. 

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on your other capital income. If you make corrections, select the link with the name of the capital income payor. Edit the necessary details. If only some of your receipts of capital income are showing, click the Add new capital income button to fill in the missing details.

If no Other capital income section is found pre-completed, go to the Other income stage. Select Yes for Other capital income and then click Add new capital income and fill in the missing details.

Go to the Foreign income section to give details on any receipts of capital income from sources in foreign countries. Add a new capital income received from a foreign source and select the type of the income.

How to file on paper

Select the correct form:

This section is for the interest income you have received from Finnish payors, including:

  • profit paid to an investment fund
  • interest paid on bonds or debentures
  • paid after market bonus.

However, if you have received interest on an ordinary bank account balance or other interest subject to tax at source, you do not need to report them. 

The Tax Administration receives third-party information on almost all interest payments to individual taxpayers and on the taxes withheld on the amounts. Check the information and make additions as necessary.

If you make corrections, report the type and amount of interest income you have received during the entire year and the amounts withheld from it. Do not enter the interest income on which tax at source has already been collected (30%).

If you report interest income that you received from a foreign source, see further guidance for filing in section Foreign income.

How to file in MyTax 

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on your receipts of interest income. If you make corrections, select the link with the name of the interest income payor. Edit the necessary details. If only some of your receipts of interest income are showing, click Add new interest income to fill in the missing details. 

If no interest income is pre-completed, go to the Other income stage. Select Yes for Interest income and then click the Add new interest income button.

Go to the Foreign income section to give details on any receipts of interest income from sources in foreign countries. 

How to file on paper

Select the correct form:

This section is for the profit or loss from your equity savings account if you have withdrawn money from the equity savings account during the tax year. In general, the Tax Administration receives this information from the bank or other service provider. Check the information and make additions as necessary.

How to file in MyTax

The Pre-completed income and deductions stage contains details on your equity savings account, including the profit or loss relating to it. If you make corrections, select the link with the payor’s name. Edit the necessary details.

If no equity savings account profits or losses are found under the pre-completed details, move on to the Other income stage. Select Yes for Profit or loss from an equity savings account, and then click Add new detail.

Further information

How to file on paper

To give details on your equity savings account’s profits or losses on paper, submit Form 50B – Capital income and deductions.

Foreign income

This section lists your foreign earned income. This income includes:

  • pensions
  • wages and fees
  • other earned income such as trade income, pay or fee received by an athlete or artist, scholarships, grants, royalties, and fees relating to Board membership. 

The Tax Administration receives information on some items of income directly from the source country of the income; this information is pre-completed on the tax return. Typically, the pre-completed details include pensions received from Sweden, for example. Check the information and make additions as necessary. 

How to file in MyTax

The Pre-completed income and deductions stage contains the information on your foreign income that has been available to the Tax Administration. If you make corrections, select the link with the payor’s name. Edit the necessary details. If only some of the income you received from abroad, fill in the missing details.

If no income from foreign sources is pre-completed, fill in the details in the Other income stage. Select Yes at Foreign income. After this, click Open specification under “Foreign earned income in 2021” and report the required information.

Further information

How to file on paper

Select the correct form:

This section lists your foreign capital income. This income includes:

  • dividend income
  • rental income or losses from a rental operation
  • capital gains and capital losses, as well as the number of tax-exempt transfers of assets
  • other capital income, such as
    • interest income
    • income from life insurance contracts, either investment-based or savings-based (including a “shell” contract), with insurers outside Finland.

The Tax Administration receives information on some items of income directly from the source country of the income; this information is pre-completed on the tax return. Typically, these pre-completed details include pensions received from Sweden, for example, or income in the form of dividends from foreign payors. Check the information and make additions as necessary. 

How to file in MyTax

The Pre-completed income and deductions stage contains the information on your foreign income that has been available to the Tax Administration. If you make corrections, select the link with the payor’s name. Edit the necessary details. If only some of the income you received is showing, click Add new foreign capital income to fill in the missing details.

If no income from foreign sources is pre-completed, fill in the details in the Other income stage. Select Yes at Foreign income. After this, click Open specification under “Foreign capital income in 2021” and report the required information.

How to file on paper

Use the form 16B Statement on foreign income (capital income).

Other income

Income related to activities for the production of income include

  • freelancer income or family daycare provider’s income (for example, if you are a private family daycare provider with a registration in the prepayment register)
  • income in the form of tips
  • fees you have received for giving private tuition
  • income from dog breeding, e.g. selling puppies or using a dog for breeding purposes, if you are breeding dogs for an income-generating purpose.

This section is not for reporting

  • income related to wage income
  • income you have made as a self-employed individual. 

You are required to report the earned income from income-generating activities that is not shown on your pre-completed tax return. 

In addition, you should report all your expenses related to the income-generating activities – this also includes the expenses that are directly related to the income already showing on your pre-completed tax return. Examples of these expenses include:

  • materials and supplies
  • tools and depreciation relating to them
  • workspace deduction.

How to file in MyTax

Report the income from income-generating activities and the expenses relating to those activities in the Production of income section of the Other income stage. Report your earned income in the section Income from income-generating activities in 2021 and the related expenses under Expenses for income-generating activities in 2021.

Also report your travel expenses that are related to the production of income and any increased living expenses due to temporary business trips in their own sections. If you make depreciations on work tools/equipment you have bought, click the Add new depreciation button and fill in the required details.

Further information

How to file on paper

If you submit the information on your income and expenses on paper, complete Form 11 – Activities for the production of income. 

This section contains the following details:

  • Grants, scholarships and awards for merit – including taxable and tax-exempt amounts.
  • The expenses that have arisen from your studies, research or other activities for which you have received taxable grants. Deductible expenses include workspace expenses, equipment costs and travel expenses relating to the grants. Itemise the expenses based on whether they relate to taxable or tax-exempt grants.

Your grants are pre-completed on your tax return as reported by the payor. Both the tax-exempt and taxable grants are pre-completed on the tax return. Check the information and make any necessary corrections.

Grants paid to a work group

If the grant was awarded to a group of people, it is usually only shown on the pre-completed tax return of the person who applied for the grant. In these circumstances, you should only report your own share of the grant in MyTax or on the paper form. In the same way, only report the expenses that relate to your share of the grant.

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on your receipts of grants. If you make corrections, select the link with the payor’s name. Edit the necessary details. If only some of the grant income you have received is showing, click the Add new grant button to fill in the missing details.

In the same way, fill in the expenses related to the grants. Deductible expenses include:

  • workspace deduction
  • tools/equipment
  • travel expenses relating to grants.

Itemise the expenses based on whether they relate to taxable or tax-exempt grants. Click Open specification to report your expenses.

If no income in the form of grants is pre-completed, fill in the details in the Other income stage. Select Yes in the section Grants and then click Add new grant. Enter the amount of grants you have received from the same payor during the entire year, as well as other required details. Also remember to report the expenses related to the grants.

If you have received grants from multiple parties, first enter the details on one of the payors and click OK. Then click Add new grant.

Further information

How to file on paper

If you submit the information on paper, fill out Form 10 Grants.

This section shows how much you have borrowed between 1 January and 31 December from a company where you are a shareholder. Only the amount that you have not repaid by 31 December is subject to taxation as a shareholder loan.

A shareholder loan is part of your taxable capital income if you, alone or with a family member, own at least 10% of the company’s shares, or have a corresponding voting interest in the company.

The annual information return that limited liability companies are required to send to the Tax Administration has been the source of the pre-filled amount on your tax return. It is required of all limited liability companies to send information on the amounts borrowed and the amounts repaid by company shareholders. This rule concerns the shareholders who are natural persons. These loans are taxed as capital income. Check the information and make additions as necessary.  If you hold shares in a foreign limited liability company and you have borrowed money from it or paid a loan back to it, please fill in the information for this section yourself.

How to file in MyTax

The Pre-completed income and deductions stage contains the information made available to the Tax Administration on your shareholder loans. To make corrections, select a loan and edit the details. 

If no shareholder loans are found under the pre-completed details, fill in the details in the Other income stage.

Further information

How to file on paper

If you report details on shareholder loans on a paper form, use Form 13 – Account of shareholder loans and distribution of earned and capital income for dividends.

This section is for any occasionally earned income, which is not based on an employment contract and not classified as trade income. Examples of other earned income are: 

  • financial support or grants received for a recreational activity or for hobbies
  • finder’s reward or competition award
  • income from the mining of virtual currency (Proof-of-work protocol)
  • occasional income from dog breeding, e.g. selling puppies or using a dog for breeding purposes as a hobby. 

Report every item of income separately. Write a brief description of the income items. Also indicate the sum total of income received for the entire year (1 January to 31 December). Enter the total gross amount of income, i.e. do not subtract any taxes or charges that have been collected.

If you have received money for an activity that you have repeated many times during the year, give details on the income and deductible expenses in the Production of income section instead.

How to file in MyTax

To give details on your other earned income, go to the section Other earned income in the Other income stage.

To report any related expenses for the production of income, go to Other deductions. Select Yes for Expenses for the production of income, and then enter the details in the section Expenses for the production of other income than wage income.

Further information

How to file on paper

To report your other earned income on paper, submit Form 50A – Earned income and deductions.

This section contains the amounts of profit-surplus distributions you have received from a cooperative, including interest on cooperative capital.

In general, the Tax Administration receives information on paid-out profit surplus directly from cooperatives on the annual information returns they submit. Check the details, and if anything is missing, make corrections as appropriate.

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on your receipts of surplus from cooperatives. If you make corrections, select the link with the payor’s name. Edit the necessary details. If only some of the surplus you have received is showing, select the Add new surplus button to fill in the missing details.

If no surplus income is pre-completed, move on the Other income stage. Select Yes for Surplus from cooperatives and then click the Add new surplus button.

How to file on paper

To report your receipts of surplus from Finnish cooperatives on paper, submit Form 50B – Capital income and deductions. 

Tax deductions

Typical deductions and credits

You can claim the expenses of your daily commute and other travel expenses related to your work.

Deductible expenses include:

  • the ordinary commuting expenses, between home and work
  • expenses for going home for the weekend if you work far away from where you live 
  • the commute between your permanent residence (home) and a secondary place of work
  • certain trips, mostly in specific fields of work such as construction, to a special place where work is done

If you have informed the Tax Administration of your work-related travel expenses during the year, when you requested a tax card or prepayment, etc., there will be a pre-filled deduction on your tax return accordingly. After you check the pre-filled amounts, make any necessary corrections and additions. Add any deductible commuting/travel that you have not yet claimed. 

How to file in MyTax

The Pre-completed income and deductions stage contains the information on your travel expenses that has been available to the Tax Administration on your expenses. If any corrections and additions must be made, choose the means of transportation first (public transport, other than public transport, or a combination of both), then make the required changes to your tax return. Make the necessary changes. If just a part of the year’s expense is showing, click the Add new travel expense button to fill in the amounts that are missing.

Enter the costs for face masks together with the commuting expenses under Public transport – Time period’s travel expenses for public transport.

If no commuting/travel expenses appear as your pre-filled deductible expenses, enter data in the Other deductions stage as appropriate. Select Travel expenses first, then click the Add new travel expense button.

Please note that you have to itemise by category of travel; for example, a specific line is reserved for the daily commute between home and work. 

Further information

How to file in MyTax

Use the right form:

To get the tax credit, you must indicate the expenses paid during the tax year for relevant work assignments in the household. Possible expenses include:

  • Renovations i.e. home improvement
  • Cleaning and other household work
  • Nursing and caregiving

You can receive the credit if you have bought the work as a service provided by a prepayment-registered company, or if you have hired someone as your employee to do the work.

If you have informed the Tax Administration of your claim during the tax year (when you requested a tax card or prepayment), your pre-completed tax return may already refer to a credit for household expenses. After you check the pre-filled amounts, make any necessary corrections and additions. 

If you employed someone and you are a user of the Palkka.fi website that handles payroll accounting, the household expense information is automatically transferred to the pre-completed tax return.

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on your credit for household expenses. If it is necessary to make corrections or to claim less credit for household expenses, select the company’s name or your employee’s name first.  You can edit the entries now. If just a part of your household expenses and related information for the tax credit is showing, click the Add a new expense button to add the amounts that are missing.

If no information about the credit appears among your pre-filled deductions, enter data in the Other deductions stage as appropriate. Select Yes for Credit for household expenses first, then click the Add a new expense button. 

How to file the tax credit for household expenses in MyTax 

Further information

Read more about the tax credit for household expences

How to file on paper

Use the right form:

If you are a member of a trade union or an unemployment fund, you can receive a deduction relating to: 

  • the membership fees that you paid, or
  • the unemployment fund’s fees

In most cases, the Tax Administration receives information directly from trade unions and unemployment funds, including lists of fees paid to them. After you check the pre-filled amounts, make any necessary corrections and additions.

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on membership fees. To make any corrections, first select the name of the trade union or unemployment fund. Now, you can edit the entries if necessary. If just a part of the fees you paid is showing, click the Add new membership fee button to make corrections.

If no paid fees appear among your pre-filled deductions, enter data in the Other deductions stage as appropriate. Select Yes for Membership fees for labour market organisations first, then click the Add new membership fee button.

How to file on paper

To claim the deduction on paper, submit Form 50A – Earned income and deductions.

You can claim deductions for some of the expenses related to your income from employment. The expenses in this category include:

  • the expense you must pay for a workspace
  • the personal tools you may have
  • the expenses for books relating to your occupation or profession
  • the training expenses you pay
  • the increased living expenses due to work trips
  • the shop steward’s fees you pay  

In addition, you can claim deductions for expenses that are related to other income than your wage income i.e. other activities than your employment, including:

  • expenses for the production of other work income, typically related to nonwage compensation, “trade income”. Example: the fees you must pay to an invoicing-service company
  • expenses for the production of income relating to benefits and other earned income

If you receive income from an activity that is recreational or a hobby, you cannot claim deductions higher than up to the amount of received income only.

This section is only for employment-related expenses – do not enter your expenses relating to academic grants, to other grant income, your deductions for a second home for work, expenses related to your capital income. Claim the above deductions under the tax return’s sections that are intended for them.

Note: there is a 750-euro threshold of deductibility

If you do not reach the threshold of €750 in expenses for the production of income, there is no need to submit the information. You get the standard deduction, €750, for the production of income automatically.

If you spent more than €750 on the production of your income, on acquiring income, on maintaining income, etc., you exceed the threshold. In that case, you should indicate the entire amount of your expenses. Do not subtract the 750-euro threshold from the total expenses.

If you have given the Tax Administration the amounts of your expenses during the year, when you requested a tax card or prepayment, etc., your pre-completed tax return shows your deduction. After you check the pre-filled amounts, make any necessary corrections and additions. 

You should add the expenses for production of income that you have not yet informed the Tax Administration of. 

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on your expenses for the production of income. If it is necessary to make corrections or to claim less expenses for the production of income, select Open specification to make an itemisation appear. Now you can edit the entries. If just a part of your expenses is showing, fill in the amounts that are missing.

If no expenses for the production of income appear among your pre-filled deductible expenses, enter data in the Other deductions stage as appropriate. Select Yes for Expenses for the production of income. Then click Open specification. Please note that you have to keep the expenses relating to your wage income separate from the expenses that are relevant to your other types of income that are not wages from employment.

How to file expenses for the production of income in MyTax

Further information

How to file on paper

To claim the deduction on paper, submit Form 50A – Earned income and deductions.

You can deduct – either fully or partially – the interest you paid during the year on a home loan, and on any loans you have taken for a purpose relating to the production of income. The deductible interest payments are the following:

  • Home loan interest, provided that the home is where you or your family live on a permanent basis
  • Home loan interest relating to your first-time home, provided that the home is where you or your family live on a permanent basis
  • Interest expenses on a loan you have taken for an income-producing purpose, e.g. in order to buy apartments as an investment
  • Part of the interest expenses on a loan you have had to take when you had made a commitment to repay someone else’s debt, in order to make good on the commitment 

Interest expenses on other debt such as consumer credit cannot be deducted. 

In most cases, the Tax Administration receives information from banks and other credit institutions directly relating to individuals’ home loans and loans for the production of income. Check that the intended purpose of the loan is entered correctly on your pre-completed tax return. The purpose has an impact on your deduction rights. Check the amounts and the related information; make corrections if needed. 

If you are a shareholder in a partnership that conducts business: If you have borrowed money to buy the partnership shares, the interest expenses are recorded on your personal tax return, not on the partnership’s tax return.

If you are a shareholder in an agricultural partnership: If you have borrowed money to finance any agricultural activities of the partnership, the interest expenses are recorded on your personal tax return, not on the partnership’s tax return.  

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on your interest expenses on loans. To change or delete interest expenses on a loan, first select the Lender’s name. Now you can make the corrections to the itemised information as necessary. Keep scrolling down to make the itemisation appear in full.

For example, if you had borrowed money to buy the apartment where you have lived, the loan’s purpose has been a home loan. But if you no longer live there and you have rented it out to a tenant instead, the purpose must be changed to “loan relating to production of income”.  In this case, you must update the Loan’s purpose of use. It may be that you have a loan that you partially use as a home loan, and partially as a loan relating to production of income. In this case, you must indicate the percentages that reflect this division.

It may be that you pursue an income-producing activity but the income you receive comes from a source outside of Finland – you receive “foreign income”. In this case, if you have taken a loan for this purpose, tick the appropriate box and indicate the loan’s purpose of use.

If you have paid interest on a loan to buy a share in a partnership that conducts business, or on a loan to finance the activities of an agricultural partnership, fill in the interest expenses under Loan relating to source of income.

If no debts or paid interest appear among your pre-filled information, enter data in the Other deductions stage as appropriate. Select Yes for Interest on loan first, and then select Add new interest or loan.

Further information

Read about how interest expenses are deducted when taxes are assessed

How to file on paper

To provide information on a new loan or to edit your deductible interest expenses on paper, submit Form 50B – Capital income and deductions.

Other deductions

Individual taxpayers can claim a deduction for reduced capacity to pay taxes due to illness, unemployment or a maintenance obligation, etc. The deduction requires that the authorities have completed an appraisal of the taxpayer’s circumstances. The deduction is always based on a specific claim made by the individual taxpayer. Do not enclose any receipts or other documentation if you claim the deduction. We may ask you to provide them if necessary. 

How to file in MyTax

Go to Other deductions. Select Yes for Special tax deduction for a reduced capacity to pay taxes. Fill in the expenses caused by an illness or other reasons. 

Further information

Read more on the special tax deduction for a reduced capacity to pay taxes

How to file on paper

To claim the deduction on paper, submit Form 50A – Earned income and deductions.

This section will appear in your MyTax if you live on Åland.

As an Åland resident, you can claim the following deductions made from taxes paid to the Province of Åland or to its municipalities:

  • deduction for medical expenses (medical expenses for you and your family)
  • deduction for students
  • student loan credit
  • rental expenses for a second home for work on Åland. 

How to file in MyTax

Go to Other deductions. Select Yes in the Deductions for the Åland Islands section and report the details on those deductions that concern you.

Note: Report the rental expenses for a second home for work in the Åland Islands when you file travel expenses in MyTax.

Further information

Read more about taxation in the Åland Islands (detailed guidance in Finnish and Swedish, link to Finnish)

How to file on paper

If you submit the information on paper, use Form 17 Ålandsbilaga.

The expenses for a second home are deductible if you pay rent yourself for an accommodation that has been arranged due to the location of your primary place of work. It is required that the distance between your permanent home and that workplace is >100 kilometres. Read more and check the other conditions for tax deduction for the cost of a second home on a work location.

If you have given the Tax Administration the amounts of your expenses during the year, when you requested a tax card or prepayment, etc., your pre-completed tax return shows your deduction. After you check the pre-filled amounts, make any necessary corrections and additions. 

If you have worked at home, including work from home over a remote connection, read the instructions for claiming deductions due to workspace costs under Expenses for the production of income.

How to file in MyTax

The Pre-completed income and deductions stage contains the deduction information that has been available to the Tax Administration regarding a second home that you maintain due to work reasons. Check the pre-completed amounts and make corrections if needed. If any amounts or information is missing, you should make the necessary additions.

If you claim the expense due to second home for the first time this year, move on to Other deductions. See the instructions: How to file a deduction for a second home for work in MyTax.

How to complete and submit the paper form

If you submit the information on paper, fill out Form 19 Deduction for second home for work.

This section is for any pension insurance contributions that you have paid relating to non-wage income, which may include:

  • Contributions required under the YEL act (self-employed persons’ pensions act), unless the paid contributions are already dealt with on your business tax return
  • Contributions required under the MYEL act (farmers’ pensions act), unless the paid contributions are already dealt with on your tax return for agriculture or forestry
  • Contributions required from individuals who receive grant income, in accordance with the provisions of the MYEL act
  • Contributions related to pension contracts in effect when you have worked outside Finland, if you have been the payer of the contributions 

You have the option to either place the mandatory YEL/MYEL contributions in your personal tax return or your spouse's return. The amounts are equally deductible both ways. However, if you deduct your spouse’s contribution or correspondingly, if he or she deducts the contributions you paid, both of you must make the demand regarding the transfer of deductible contributions between spouses before the Tax Administration has completed the tax-assessment process for the year.

However, please note that you can report no pension contributions under YEL or MYEL laws at the same time on your business tax return and your personal Pre-completed return, and likewise, on your agricultural tax return and your personal Pre-completed return. More information on the deductibility of YEL contributions.

How to file in MyTax

The Pre-completed income and deductions stage — under Pre-completed income and deductions — contains the deduction information that has been available to the Tax Administration, including the amount of “work income” (=työtulo; arbetsinkomst) that has served as the base for the pension contributions, and including the category of your pension insurance contract. 

If you are a payer of YEL or MYEL contributions and you claim that the paid contributions be deducted in your personal tax assessment, move on to Other deductions. Select Yes in the YEL or MYEL contributions or other mandatory pension insurance contributions section, and then enter the sum total for the entire year. If you choose to claim deductions on your tax return relating to your spouse’s YEL or MYEL, enter the data the same way as above.

How to file on paper

To claim the deductions for pension insurance contributions on paper, submit Form 50A – Earned income and deductions.

You can claim the expenses for management and safekeeping of securities and book-entry shares. They are deductible from your capital income. The Tax Administration receives almost all the information on asset-management expenses from banks, other intermediaries and investment fund companies in Finland and other countries. After you check the pre-filled amounts, make any necessary corrections and additions. 

There is an own-liability threshold of €50 for management and safekeeping of securities. When you claim the expenses, indicate the gross expense for the entire year without subtracting the 50-euro threshold from it.

How to file in MyTax

The Pre-completed income and deductions stage — Expenses for management of securities — contains the information that has been available to the Tax Administration on the asset management expenses you have paid. If you make corrections, first select the link with the name of the bank or other organisation that has charged you fees for asset management. Then, you can edit the entries. If any expenses are missing, click the Add new management expense button.

If no management expenses appear under the pre-filled deductions, enter data in the Other deductions stage. Select Yes for Expenses for management of securities. Click the Add new management expense button to enter the amounts that are missing. 

How to file on paper

To claim the deductions relating to asset-management fees on paper, submit Form 50B – Capital income and deductions. In the same way, if you paid expenses to a foreign intermediary for the management of your holdings, complete and submit Form 50B.

This section contains the following amounts:

  • Your contributions related to a voluntary pension insurance contract
  • Your contributions to a “PS” contract (an individual retirement account for long-term savings)

Only the insured person, not his or her spouse, can deduct the paid contributions in their personal taxation. The contributions are deductible if the insurance company operates in Finland or elsewhere within the European Economic Area.

In most cases, the Tax Administration receives information from banks, insurance companies and other providers of pension insurance. After you have checked the amounts and information, make any necessary corrections and additions.

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on voluntary pension insurance and long-term savings agreements. If you make corrections, first select the link with the name of the bank or other organisation that has collected the relevant contributions of payments from you. Then, you can edit the entries. If just a part of the amounts is showing, click the Add new contribution button.

If no voluntary pension or long-term savings contributions appear among your pre-filled deductions, enter data in the Other deductions stage as appropriate. Select Yes for Voluntary pension insurance or long-term savings contract contributions, and then click the Add new contribution button.

Further information

How to file on paper

To claim the deductible pension or long-term savings contributions on paper, submit Form 50B – Capital income and deductions.

If you have borrowed money from your company, and the loan has been reported to the Tax Administration and taxed as part of your capital income, you are entitled to deductions during the subsequent years when you repay it.

Because limited-liability companies are under obligation to submit annual information to the Tax Administration, your pre-completed tax return may contain full details on the amounts of your repayments. After you have checked the amounts and information, make any necessary corrections and additions. 

If you have repaid a shareholder loan to a foreign company, you must indicate the amounts of your repayments yourself.

How to file in MyTax

The Pre-completed income and deductions stage — under the Repaid shareholder loan section — contains the information that has been available to the Tax Administration on your shareholder borrowing and related repayments. If you make corrections, first select the link with the limited-liability company’s name, and then enter the data as necessary. If not all repayments are included, click the Add new shareholder loan button and then add the relevant amounts and information.

If no repayments appear among your pre-filled deductions, move on the Other deductions stage.  Select Yes for Repaid shareholder loan. Click the Add new shareholder loan button. Fill in the relevant facts about the shareholder loan and your repayments during the tax year.

Further information

How to file on paper

If you prefer to complete a paper form, use Form 13 – Account of shareholder loans and distribution of earned and capital income for dividends.

You can claim deductions in this section for your “other” expenses relating to the production of capital income. Possible other expenses include:

  • Costs that have a connection to your borrowing if you have borrowed money in order to produce income. However, interest is not dealt with here. Typically, a cost you can claim here would be a service charge payable to the bank when you sign a loan contract.
  • Foreign exchange-rate losses that have resulted from your transactions in foreign currencies.

If you have paid interest on various loans you have taken for the production of income, or on other loans that have a tax-deductible purpose of use, you can claim the deductions under Interest on loan.

How to file in MyTax

The Pre-completed income and deductions stage contains the deduction information that has been available to the Tax Administration. Check the pre-completed amounts and make corrections if needed. If any amounts or information is missing, you should make the necessary additions.

If no deductions of the above type are found under the Pre-completed income and deductions section, enter data in the Other deductions stage as appropriate. Select Yes for Other deductions from capital income. Then fill in the deductible expense and enter a text explaining the reasons why that expense should be deducted.

How to file on paper

To claim the deductions from capital income on paper, submit Form 50B – Capital income and deductions.

This section is for giving details on child-maintenance payments. If you have paid maintenance, you may qualify for the related tax credit.

If you have informed the Tax Administration of your maintenance payments during the year, when you requested a tax card or prepayment, etc., there will be a pre-filled deduction on your tax return accordingly. After you have checked the amounts and information, make any necessary corrections and additions. 

How to file in MyTax

The Pre-completed income and deductions stage contains the deduction information that has been available to the Tax Administration. Check the pre-completed amounts and make corrections if needed. If any amounts or information is missing, you should make the necessary additions.

If you are claiming the expense due to maintenance obligations for the first time this year, move on to the Other deductions stage. How to file the tax credit due to a maintenance obligation in MyTax.

Further information

Read more about the tax credit for child maintenance

How to file on paper

To claim the deductions or tax credits on paper, submit Form 50A – Earned income and deductions.

The credit for a deficit in the capital-income category is given to individuals automatically. The Tax Administration calculates it and subtracts it from the individual taxpayer’s earned-income tax. A deficit is created if deductions from capital income (such as interest expenses on a home loan) are greater than the capital income itself. 

  • If you qualify for tax credit for a deficit in capital income and you have underage children, you can request an increase of the credit.
  • You can also transfer the credit to your spouse’s taxes in situations where the sum of money relevant to the credit cannot be subtracted from your taxes.

To ask for these two procedures to be effected, i.e. to increase your tax credit as you have a child, and to transfer credits to your spouse, you must submit a demand before the date when the Tax Administration has completed the tax assessment for the year.

How to file in MyTax

Move on to the Other deductions stage to demand the increase to the credit or the transfer to your spouse. Select Yes for Child increase to deficit credit and transfer to spouse, and then fill in the required details.

Further information

Read more about the deficit credit (available in Finnish and Swedish, link to Finnish)

How to file on paper

To claim the increase to the credit or its transfer to your spouse on paper, submit Form 50B – Capital income and deductions.

You can demand spreading of your income across several tax years if you have received a lump-sum payment of at least €2,500 last year, and the lump sum:

  • Was accrued in advance or retrospectively during two or more years, and
  • its amount is at least 25% of your net taxable earned income for the year. “Net taxable earned income” refers to the total amount of earned income minus expenses for the production of income.

If you have informed the Tax Administration of your claim during the tax year, when you requested a tax card or prepayment, etc., your pre-completed tax return may refer to the planned spreading of your income. After you have checked the amounts and information, make any necessary corrections and additions. 

If you have not claimed the income spreading treatment previously, you should do so when you submit the tax return. Claim it before the end of your tax assessment for the year in which you received the lump sum. 

If the type of income that you need spreading/periodisation for is retirement income i.e. pensions, you should ask for periodisation when you enter data about your pension.

How to file in MyTax

The information that has been available to the Tax Administration on your previously submitted demand of income spreading is under Pre-completed income and deductions.  

However, if you have not informed the Tax Administration of it previously, move on to Other deductions. Select Yes for Claim for income spreading. Then add an enclosure that contains the required information. Add it as an attachment file.

Further information

Check the requirements for the spreading of income across several tax years

How to file on paper

To demand income spreading on paper, submit Form 50A – Earned income and deductions.

This section is for the amount that you have paid to the seller when buying a bond or debenture (an aftermarket compensation or bonus). 

In most cases, the Tax Administration receives the information directly from the securities brokers. After you have checked the amounts and information, make any necessary corrections and additions.

How to file in MyTax

The Pre-completed income and deductions stage contains the information that has been available to the Tax Administration on a market compensation you have paid. If you make corrections, first select the link with the broker’s name, and then edit the information. If a just a part of the paid amount is appearing, add the part that is missing.

If no paid compensation relating to a secondary-market transaction appears among your pre-filled deductions, enter data in the Other deductions stage as appropriate. Select Yes for Secondary market compensation collected, then click the Add new button.

How to file on paper

To claim the deduction on paper, submit Form 50B – Capital income and deductions.

Your employer submits reports to the Incomes Register, including the tax value of the company car that the employer has given you as a fringe benefit. This value is automatically transferred to your pre-completed tax return. It is included in the sum total of the wage income from the employer or payor.

You can demand a tax deduction based on a reduced tax value of your company car in this section. An example of a situation where the value can be adjusted downwards is that you have driven more than 30,000 kilometres in business, or that your log-booked kilometres of private driving with the company car are low.

How to file in MyTax

Click the Show more link at the bottom of the page to make the Reduction in the value of a company car benefit section appear.

The fringe benefit consisting of a company car is included in the pre-completed tax return, but you demand that the value should be less

If your employer has sent the tax value to the Incomes Register, you can see your company car benefit under Pay and fringe benefits in the Pre-completed income and deductions section. 

  • Select the link with your employer's name. Your fringe benefits including the car are contained by the sum total of wage income for the year. To see the exact tax value, look up the company-car entry on your pay slip.
  • Answer Yes to Do you claim reduction in the value of the car benefit? and fill in the details as appropriate.  

The company car is missing from your wage income

If the sum total of wages shown on the pre-completed return is not inclusive of your company car benefit, follow the instructions below:

  • Go to Pay and fringe benefits. First select your employer’s name, and then click the Add new wage income to add the tax value of your company car for the year. After this, you should also inform your employer/payor of the missing value, so they can send their corrections to the Incomes Register.
  • Then go to Other deductions. Select Yes for Reduction in value of car benefit. Fill in the appropriate amounts.

Pre-completed income and deductions contain no information on your wages and salaries

If you have no wage amounts showing under Pre-completed income and deductions, or if there is no information on your company car, follow the instructions below:

  • First, go to the Other income stage.
  • Select Yes for Wages, salaries, fees and compensation.
  • Select the Add new payor button, and then go to Amount of income to enter both your total wages and salaries and the total yearly value of your fringe benefit, the company car. After this, you should also inform your employer/payor of the missing value, so they can send their corrections to the Incomes Register.
  • Then go to Other deductions. Select Yes for Reduction in value of car benefit. Fill in the appropriate amounts.

Further information

How to file on paper

If the company car’s value must be reduced and you make corrections on paper, submit Form 50A – Earned income and deductions.

If you have received forest as gift, you may be entitled to a deduction for donated forest. This deduction can be granted to a gift recipient under certain conditions, including large size of the forest land, a sufficient amount of income received from forestry during the tax year, and tax treatment of that income as capital income.

More information on the requirements and the amount of deduction

The deadline for submitting a claim for the deduction for donated forest is the date when the Tax Administration finishes your assessment for the tax year. You cannot claim this deduction on a retroactive basis, in reference to any earlier tax year.

How to file in MyTax

Go to Other deductions. Click the Show more link at the bottom of the page to make the Deduction for donated forest section to appear. Select Yes for Deduction for donated forest. Proceed to fill in the amounts and information. 

When you use MyTax to complete your tax return, the following amounts may be pre-filled on the appropriate lines: 

  • deduction bases of forest property received as gift
  • previously used deductions for donated forest
  • amount of deduction base available 

You can use MyTax to make changes to the above. If no base amounts are found, you should fill them in yourself. After you have done so, MyTax will perform the necessary calculations to arrive at the deduction.

How to file on paper

If you claim this deduction by filling in a paper form, complete and submit Form 2L – Deduction for donated forest.

Pension that has been reclaimed or a social benefit that has been reclaimed – such as a daily allowance or a student grant – can be filled in here. If the payers of pension and benefits have demanded that you repay an amount to them, fill in the amount that you repaid.

How to file in MyTax

Go to Other deductions. Click the Show more link at the bottom of the page to make the Deduction for reclaim of payments section appear.

Select Yes under Repayment deduction. Fill in the amount that you repaid to the organisation that had paid you a pension or a benefit.

How to file on paper

To claim the repayment deduction on paper, submit Form 50A – Earned income and deductions.

This section is for informing the Tax Administration of a tax-deductible donation you have made. You can claim a deduction for a donation of €850–€500,000 that you have made to a university or other institution of higher education receiving public funding or to an associated university fund within the EEA for the purpose of promoting science or arts. 

How to file in MyTax

Go to Other deductions. Click the Show more link at the bottom of the page to make the Donation deduction section appear.

Select Yes for Donation deduction first, then click the Add new donation button.

Further information

Read more about tax-deductible donations 

How to file on paper

To claim the deduction on paper, submit Form 50A – Earned income and deductions.

Automatically granted deductions

The deductions listed below are independent of whether you claim them or not. The Tax Administration deducts the amounts in an automated process:

Your tax decision shows the deducted and credited amounts. Read more about the automatically granted deductions 

International and cross-border cases

If you have left Finland – or if you have arrived in Finland in order to work here – you are entitled, if necessary, to submit various claims including the following:

  • I am claiming tax treatment as a foreign resident based on a tax treaty.
  • I am requesting to be treated as a non-resident because I live abroad.
  • I request exemption from tax or tax relief based on a tax treaty because I am a student, teacher or researcher.
  • I request that my A1 certificate or a similar certificate be considered in the Finnish tax assessment, as it proves that I am covered by social security in my country of residence. 

If credit for the taxes you have paid to foreign countries (reverse credit) is claimed, see specific instructions under Benefits and pensions treated as earned income, reported to the Incomes Register by the payor. 

If you are a nonresident and you work in Finland as a leased employee and your deduction for tax at source is wrong (or is missing) on your pre-completed tax return, you can complete Form 50A – Earned income and deductions to demand the deduction. Please note that you cannot use MyTax to send the demand for this deduction, and it is not possible to make corrections to it in MyTax if the deduction is given to you but the amount is wrong. The information you must fill in on Form 50A is the period(s) when you worked in Finland and for how many days in total. If you have asked for progressive taxation instead of taxation at source, the tax-at-source deduction is not to be reported or claimed.

If you are a nonresident individual taxpayer and you have received dividends on which the payor withheld Finnish tax at source (or other such income on which tax at source was withheld upon payment in Finland), do not include them in your Pre-completed tax return.

How to file in MyTax

Move on to Other deductions. The International situations section appears if you go to the bottom of the page and click the Show more link.

Go to International situations to submit the claims you need to make. Select Yes if you want to invoke a tax treaty or if you claim treatment as a nonresident, i.e. a person with limited tax liability. Tick the box as appropriate. Click the Add a file button to attach scanned copies of documentation as necessary.

However, if you received income from a foreign source and you want to report that income – either earned income or capital income – navigate to the Foreign income section to do that.

Further information

Read more

How to file on paper

Use the right form:

Loss deductible from capital income

This section contains the following:

  • loss from a capital redemption policy
  • loss from a voluntary fixed-term pension insurance
  • loss from an endowment insurance contract
  • loss related to certain insurance contracts, subject to special tax treatment 

In most cases, the Tax Administration receives information on these losses from banks and insurance companies. After you have checked the amounts and information, make any necessary corrections and additions.

How to file in MyTax

The Losses deductible from capital income section under Pre-completed income and deductions stage contains the information that has been available to the Tax Administration. If you make corrections, select the link with the payor’s name. Edit the necessary details.

If no deductible losses appear pre-completed, enter data in the Other deductions stage as appropriate. Click the Show more button at the bottom of the page to make the Loss deductible from capital income section appear. Select Yes for Loss deductible from capital income and click the Add new loss button to enter the data.

How to complete and submit the paper form

To claim the deduction from capital income on paper, submit Form 50B – Capital income and deductions.

How to save your entries and how to send the completed tax return

If all the information and amounts are right and you make no corrections:

If everything is correct and nothing is missing, you do not have to submit the tax return.

If additions and corrections are necessary:

You can make changes one or more times.

  • Option 1: Make additions and corrections during a single session. Submit the tax return by the due date. We will send you a confirmation of receipt after receiving the return.
  • Option 2: Make corrections to income and deductions not submitting them all at once. You have time up to the deadline date indicated on your Pre-completed tax return. Remember to submit the tax return every time you have added or corrected something.
    If you want to change or add details, open the tax return. Whenever you have filed details on income or deductions, they will be displayed as pre-completed data starting from the next day.
  • Option 3: You can also save the tax return as unfinished and continue later. The saved details are stored for 2 weeks. When you save the return again, a new 2-week period begins. Finally, remember to submit your tax return by the due date to transmit the information to the Tax Administration.