General information on taxation

The sharing economy is subject to taxes in exactly the same manner as any traditional form of business.

Income tax

Any income earned via the sharing economy is subject to a tax.
Expenses / costs derived from producing or maintaining income can be deducted from that income.
A private person’s income is either earned income or capital income.
Various company forms can engage in commercial activities and taxes are determined according to the form of the company in question.

The commercial sale of goods and services is subject to value-added taxes.
However, small-scale commercial activities are exempted from value added taxation. Read more in the Finnish Tax Administration’s instructions On the 10,000 euro limit for small-scaled business exempt from value-added taxes (available in Finnish and Swedish) or find general information on how to register for VAT on their website.
Sales are not considered to be conducted as business, if the payment made is a salary, as no value-added taxes are paid on salaries.

For more information on taxes, please see the Finnish Tax Administration’s website.