Finland Tax Agency Updates Guidance on Securities Transfer Taxation


The Finnish Tax Administration Oct. 9 posted online updated guidance on the taxation of securities transfers by both entities and individuals. The updates remove material on reporting and derivatives that is covered in other guidance, and add material on: 1) share acquisition costs; 2) securities holding periods; 3) employee shares; 4) exempt transactions; 5) disposal loss due to bankruptcy; and 6) cost basis determination for shares acquired at different times. The guidance applies from Oct. 4. [Finland, Tax Administration, 10/09/19]

Reference:
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