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Finland To Issue Tax Guidance On Valuing Non-Cash Dividends

by Ulrika Lomas, Tax-News.con, Brussels

25 July 2019


The Finnish Tax Administration, the Vero Skatt, informed taxpayers on July 16, 2019, that it intends to update its guidance on the taxation of non-cash dividends after discovering an increase in the payment of dividends in non-cash form by publicly traded companies.

The Vero Skatt said that in cases where dividends are paid in the form of shares in a limited liability company instead of cash, the the dividend amount is considered to be the fair value of the shares at the date on which the dividend was paid or distributed.

However, In a news release, the Vero Skatt noted that non-cash dividend payments raise a number of issues relating to valuation, a matter that is not discussed in detail in the relevant guidance. As such, "the Tax Administration will update its guidelines in this regard," it said.

TAGS: tax | revenue guidance | transfer pricing | Finland | dividends | trade | Tax

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