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Uudenmaan LO 13.3.1990 305/III AI generated

County Administrative Court allows deduction of operating reserve for loss calculation under Finnish tax law.

Case Number Uudenmaan LO 13.3.1990 305/III
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The County Administrative Court allowed the deduction of an operating reserve when calculating the taxable loss for the 1985 tax year. The district tax board had initially rejected this deduction, but the court found the reserve was properly formed to cover expenses related to income generation and retention. Consequently, the court ruled that the operating reserve must be treated as a deductible expense in the loss determination.

Legislator headnote

AI generated

ElinkVL 46 a §; TappiontasausL 2 §: The operating reserve, established to cover expenses arising from income generation and retention, constitutes a deductible expense when calculating the taxable loss for the preceding tax year.

Keywords

AI generated
operating reserve deduction taxable loss calculation income generation expenses Finnish tax law loss carryforward rules

Cited Legislation

AI generated
ElinkVL 46 a §
TappiontasausL 2 §
AI generated
admin_1989_uusimaa-county__1323
Tax loss carryforward adjustment barred after finalization of prior year tax assessment.
admin_1987_uusimaa-county__712
Tax court allows loss carryforward claim despite statute limiting appeals to cases with tax liability.
admin_1991_uusimaa-county__233
Administrative court dismissed appeal; 1986 tax loss validly offset against 1987 income despite later audit correction.
admin_1987_northern-karelia-county__644
Tax loss carryforward claim dismissed as late appeal filed after statutory deadline expired.
admin_1989_kuopio-county__541
Court allows trade union dues deduction from tax-free foreign income when services were also rendered domestically.

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Full text

Lääninverolautakunta ei ollut ottanut tilinpäätöksessä tehtyä

toimintavarausta huomioon veronalaisten tulojen vähennyksenä

vahvistaessaan verovuoden 1985 tappiota. Lääninoikeus

katsoi, että toimintavaraus on muodostettu kattamaan

tulon hankkimisesta ja säilyttämisestä johtuvia menoja ja

on siten otettava vähennyksenä huomioon tappion määrää

vahvistettaessa. Verovuosi 1985. Verovuosi 1986.

ElinkVL 46 a §

TappiontasausL 2 §