Supreme Administrative Court dismissed tax appeal regarding shareholder liability for company debts under Finnish Tax Act.
Legislator summary
AI generatedThe Supreme Administrative Court dismissed the taxpayer's appeal against a lower court's decision regarding liability for company debts. The taxpayer argued that as a shareholder, they should not be personally liable for the company's obligations under the Tax Act. The court ruled that the statutory provisions explicitly limit shareholder liability to the extent of their capital contribution, thereby rejecting the claim for personal responsibility.
Legislator headnote
AI generatedVerotuslaki 56 §; The shareholder's liability for company debts is strictly limited to the amount of their capital contribution and does not extend to personal assets.
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Äänestys 7-1.
Vrt. KHO:1989-B-547 A:8.11.1991 T:
ja A:25.1.1995 T:
Vrt. myös kiinteistöosakeyhtiötä koskeva ratkaisu D:2668/3/95
VerotusL 56 §