Fiscal year merger events occurring after year-end are excluded from calculating dividend capital income.
Legislator summary
AI generatedThe 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 generatedTuloverolaki 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.
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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 §