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.  
   

Value-added tax

• 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.