Legislator Case Law & Legislation
KHO:1997:73 AI generated

Supreme Administrative Court dismissed tax appeal regarding shareholder liability for company debts under Finnish Tax Act.

Case Number KHO:1997:73
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The 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 generated

Verotuslaki 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.

Keywords

AI generated
shareholder liability capital contribution limit company debts tax appeal Finnish Tax Act limited liability corporate veil

Cited Legislation

AI generated
Verotuslaki 56 §

Cited Case Law

AI generated
KHO:1989-B-547
KHO:1989-B-547 A:8.11.1991 T:
D:2668/3/95
myös kiinteistöosakeyhtiötä koskeva ratkaisu D:2668/3/95
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Full text

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 §