Legislator Case Law & Legislation
KHO:1999:58 AI generated

Fiscal year merger events occurring after year-end are excluded from calculating dividend capital income.

Case Number KHO:1999:58
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The Supreme Administrative Court allowed the tax authority's decision to exclude merger events occurring after the fiscal year-end from the dividend capital income calculation. The taxpayer argued that the merger should be considered within the calendar year, but the court upheld the statutory requirement to use the fiscal year. Consequently, the tax authority's interpretation of the relevant tax laws was confirmed as legally correct.

Legislator headnote

AI generated

Tuloverolaki 42 § 1 mom.; Varallisuusverolaki 27 § 1 mom.: Merger events occurring after the fiscal year-end are not taken into account when calculating the capital income portion of dividends received by the acquiring company for the subsequent fiscal year.

Keywords

AI generated
fiscal year end merger events dividend capital income tax calculation corporate consolidation income tax law asset tax law

Cited Legislation

AI generated
Tuloverolaki 42 § 1 mom.
Tuloverolaki 42 § 1 mom.
Varallisuusverolaki 27 § 1 mom.
Varallisuusverolaki 27 § 1 mom.
Valtiovarainministeriön päätös 1539/94 9 §
Valtiovarainministeriön päätös 1539/94 9 §
AI generated

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Full text

Kalenterivuodesta poikenneen tilikauden päättymisen jälkeen kalenterivuoden aikana tapahtunutta osakeyhtiöiden sulautumista ei otettu huomioon vahvistettaessa vastaanottaneen yhtiön osakkeen matemaattista arvoa yhtiöstä seuraavalta tilikaudelta saatavan osingon pääomatulo-osuuden laskemiseksi.

Tuloverolaki 42 § 1 mom.

Varallisuusverolaki 27 § 1 mom.

Valtiovarainministeriön päätös 1539/94 9 §