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Generic Tax Name Withholding tax at source on interest
Tax name in the national language Korkotulon lähdevero/Källskatt på ränteinkomst
Tax name in English Withholding tax at source on interest
Member State FI-Finland
Tax in force since 1990/12/28
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax
Other

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco
Other

Social security contribution Employers
Employees
Other
 
Legal base

Act on Tax Withheld at Source from Interest of 28 December 1990 (1341/1990).

 
Who sets
The tax rate is set by




The tax base is set by




The reliefs are set by




Comments
 
Beneficiary





Comments

 
Geographical Scope

 
Taxpayers

Resident individuals and the domestic estates of deceased persons.

 
Tax object and basis of assessment

The gross amount of the interest from domestic bank deposits and deposits in financial services offices and from bonds offered to the public for subscription.

 
Deductions, Allowances, Credits, Exemptions

Exemptions:

Interest paid by a person other than a bank or an issuer of bonds.

Deductions:

No deductions are allowed.

 
Rate(s) Structure

30 %

 
Tax due date

 
Tax collector

The tax is collected mainly by the banks that pay the interest.

 
Special features

Non‑residents are not liable to the tax.

Interest income subject to this tax is not subject to income tax.

 
Economic function







Comments
 
Environmental taxes



Comments
 
Tax revenue
ESA95 code d51ma (d51a + d51c1)

Year
Annual tax revenue (millions)
Currency
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 237.00 EUR 0.12
2011 198.00 EUR 0.10
2010 205.00 EUR 0.11
2009 493.00 EUR 0.27
2008 432.00 EUR 0.22
2007 254.00 EUR 0.14
2006 175.00 EUR 0.10
2005 164.00 EUR 0.10
2004 170.00 EUR 0.11
2003 216.00 EUR 0.14
2002 268.00 EUR 0.18
2001 217.80 EUR 0.15
2000 92.20 EUR 0.07

Comments