Oulun LO 27.2.1992 169/II AI generated

Investment reserve deduction allowed despite late bookkeeping entry if investment payment was timely made.

Case Number Oulun LO 27.2.1992 169/II

Court / Authority Hallinto-oikeus

Jurisdiction

Finland (FI)

Decision Date 27.02.1992

Outcome Allowed / Granted

Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The administrative court allowed the foundation to deduct an investment reserve from its taxable income despite a procedural delay in bookkeeping entry. Although the foundation recorded the reserve after the two-month deadline set by the Bookkeeping Act, the court noted the reserve was established during the board meeting that approved the 1988 financial statements. The court ruled that because the actual investment payment was made within the statutory period, the procedural lapse did not deprive the foundation of its tax deduction right.

Legislator headnote

AI generated

Investment Reserve Act s. 2; Bookkeeping Act s. 7 (2): An investment reserve may be deducted from taxable income even if the bookkeeping entry is made late, provided the actual investment payment was completed within the statutory time limit.

Keywords

AI generated

investment reserve deduction bookkeeping deadline compliance taxable income reduction procedural delay justification investment payment timing

Cited Legislation

AI generated

Investment Reserve Act s. 2

Bookkeeping Act s. 7 (2)

AI generated

admin_1991_kuopio-county__276

Company denied deduction for greenhouse costs after tax authority increased prior year deduction.

admin_1987_uusimaa-county__200

Investment allowance not treated as tax relief requiring addition to income for discretionary tax assessment.

insurance_1984_3527-1983

Insurance court dismissed early pension claim as less favorable than unemployment benefit.

admin_1995_central-finland-county__254

Administrative court dismissed late tax appeal due to expired statutory limitation period under tax code.

kho-precedent_2016_70

Supreme Administrative Court allows warning issued after prior decision annulled for procedural error, rejecting excessive delay argument.

Full text

Liiketoimintaa harjoittanut säätiö oli tehnyt päätöksen investointivarauksen

muodostamisesta 31.12.1988 päättyneeltä

tilikaudelta 31.3.1989 pidetyssä säätiön hallituksen kokouksessa,

jossa myös vuoden 1988 tilinpäätös oli vahvistettu.

Säätiö oli kirjannut investointivarauksen kirjanpitoonsa

20.6.1989 eli kirjanpitolain 7 §:n 2 momentin vastaisesti

myöhemmin kuin kahden kuukauden kuluessa kalenterikuukauden

päättymisestä. Koska investointivaraus kuitenkin oli muodostettu

tilinpäätöksen vahvistamisen yhteydessä ja säädetyn

suuruinen investointitalletus oli tehty investointivarauslaissa

säädetyn määräajan kuluessa, lääninoikeus katsoi, että

säätiöllä oli edellä mainitusta laiminlyönnistä huolimatta

oikeus vähentää investointivaraus veronalaisesta tulostaan.

Verovuosi 1988.

InvestointivarausL 2 § (21.12.1979/978)

KirjanpitoL 7 § 2 mom