Alv/Vat Relief to be included in Business Income Tax?

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ttester14
Posts: 2
Joined: Wed Nov 30, 2011 4:47 am

Alv/Vat Relief to be included in Business Income Tax?

Post by ttester14 » Sat Apr 16, 2016 8:01 pm

Hi,

Due to very little income in my Toiminimi I got VAT relief on my VAT Returns Form K.
Now I was informed that the amount of relief I got I have to include it in my Business Income Tax Return (Form 5) as part of my business income in "other additions (301).... which to me does not make sense as I would get a relief in one part for lack of income but then need to pay income tax on the relief I get.

Anyone got any knowledge about this? Do I really need to add the amount to my income tax?
Please don't say to call the tax office, tried that already several times, sometimes they say yes, other times they say no, but at all times they take no responsibility for the information they provide :(

Thanks



Alv/Vat Relief to be included in Business Income Tax?

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cors187
Posts: 1861
Joined: Sun Feb 06, 2011 11:59 pm
Location: land of the thunder hammers

Re: Alv/Vat Relief to be included in Business Income Tax?

Post by cors187 » Sat Apr 16, 2016 10:05 pm

It sounds like they gave you VAT money back that you had paid in an earlier transaction/s and now they want you to declare that money in your TMI and not put it in your pocket.?

betelgeuse
Posts: 4571
Joined: Thu Aug 29, 2013 1:24 am

Re: Alv/Vat Relief to be included in Business Income Tax?

Post by betelgeuse » Sat Apr 16, 2016 11:27 pm

ttester14 wrote: Due to very little income in my Toiminimi I got VAT relief on my VAT Returns Form K.
Now I was informed that the amount of relief I got I have to include it in my Business Income Tax Return (Form 5) as part of my business income in "other additions (301).... which to me does not make sense as I would get a relief in one part for lack of income but then need to pay income tax on the relief I get.

Anyone got any knowledge about this? Do I really need to add the amount to my income tax?
You do because there's no exception for it: "Alarajahuojennusta ei ole erikseen säädetty verovapaaksi tuloksi, joten se on tuloverotuksessa veronalaista tuloa."

https://www.vero.fi/fi-FI/Syventavat_ve ... ero(10129)

The income is reported in 318.

https://www.vero.fi/fi-FI/Syventavat_ve ... ikk(38575)

"Ilmoita tässä kohdassa esim. arvonlisäveron alarajahuojennus."

ttester14
Posts: 2
Joined: Wed Nov 30, 2011 4:47 am

Re: Alv/Vat Relief to be included in Business Income Tax?

Post by ttester14 » Fri Apr 29, 2016 12:39 pm

Okay great, thanks betelgeuse.


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