5.06 Received dividends and net wealth of businesses, by different legal entity forms

The view shows the dividend information of corporations and the individual taxpayers since the tax year 2014. Starting 2018, information is included on dividends and surplus that have been received by partnerships and entrepreneurs. Limitation of material:
- The values comprise dividends received by Finnish resident taxpayers and by non-resident taxpayers who have requested taxation of their income in accordance with the Act on assessment procedure. The statistics therefore do not include dividends subject to tax at source. Specifications for statistics items:
- Item 3.3: A large number of disguised dividends are revealed in tax audits. The figures shown in the statistics about the amount of disguised dividends only contain the information available in regular taxation on disguised dividends, so disguised dividends revealed in tax audits are not included.
- Item 9. Dividends received by corporations and the surpluses of cooperatives in total: Dividends received by corporations also include the surpluses they receive, as information on received dividends and surpluses cannot be separated for corporations. Statistical data on the dividends of corporations are available from the tax year 2017 onwards, based on taxpayers´ notifications (main tax return forms and attachment form 73). Classifiers used in the material:
The material can be searched for using different classification parameters. -Net sales
Net sales can be calculated on the basis of taxation information for certain companies only. Net sales have been calculated based on information submitted on the main tax forms 6B, 6U and 6C, 5, 6A, 2 and 2Y for limited liability companies, foreign corporations and associations and foundations, for partnerships (other than forestry), for self-employed operators of trade, business or agriculture, and others. As regards associations and foundations, their net sales in tax years 2017 to 2022 are considered to consist of the goods and services sold according to the bookkeeping data and reported on Form 6C (euro amount). Starting from tax year 2023, the net sales are considered to consist of the tax-exempt and taxable income from business activity reported on Form 6C. - Legal form - Company type
Classification by different types of legal entity is based on the legal forms recorded in the Tax Administration´s registers. - Industry
The classification is based on Statistics Finland´s industrial classification (three-digit classification). - Company size
The classification is based on Statistics Finland´s company size classification according to EU directives:
A micro company has fewer than 10 employees.
A small company has at least 10 but fewer than 50 employees.
A medium-sized company has at least 50 but fewer than 250 employees.
A large company has at least 250 employees. - Municipality of domicile
The municipality of domicile classification indicates the municipality of domicile of the taxpayer. In the case of municipal mergers, the changed rates are calculated in relation to the combined values of the merged municipalities in the previous tax year. - Company age
Company age information is based on Statistics Finland´s information on companies´ administrative start dates. The administrative start date is based on different registration dates of which the oldest is selected as the administrative start date. The registration dates considered here include the start date of the overall operating period, date from which the company has acted as a regular employer, the start date of the prepayment register period and the date from which the company has been liable to pay value-added tax for its business.
The overall operating period refers to the company´s lifecycle from its foundation until its abolition. - Type of owner
A classifier indicating ownership is based on the company´s legal forms (companies not belonging to groups), group type or the form of the parent company (subsidiaries belonging to groups). For example, the subsidiaries of municipal groups are classified as municipally owned. - Taxable income
For partnerships and their shareholder-entrepreneurs, the taxable income contains information on the income to be divided. At shareholder level, the values may be different for taxable income and partnership income, because adjustments are not made for the Deduction for entrepreneurs (at shareholder level). The value of taxable income does not contain the net capital income derived from forestry. - Group of beneficiaries
Groups of beneficiaries are categorized in the order given below:
1. Estate of a deceased individual: This group includes all taxpayers defined as an estate of a deceased person for taxation purposes.
2. Nonresident taxpayer: Taxpayers subject to limited tax liability.
3. Minor: The age of the individual at the start of the tax year was 17 or less.
_______________________________________________________________________________
4. The remaining group of taxpayers based on the analysis of type and amount of income consists of
a) Wage earners: Wage income during the tax year is at least EUR 10,000 and accounts for over 50 % of taxable total income (earned income + taxable capital income).
b) Retired individual receiving pension income: The amount of pension income during the tax year is at least EUR 1,000 and the pension income accounts for at least 50 % of taxable total income (earned income + taxable capital income).
c) Unemployed: Unemployment benefits during the tax year are at least EUR 1,000 and unemployment benefits account for over 50 % of taxable total income (earned income + taxable capital income).
d) Operator of an agricultural farm: Agricultural income + business income during the tax year is at least EUR 10,000 and over 50 % of taxable income (earned income + taxable capital income). In addition, the agricultural income is higher than the business income.
e) Operator of a business: self-employed Agricultural income + business income during the tax year is at least EUR 10,000 and over 50 % of taxable income (earned income + taxable capital income). In addition, the business income is higher than the agricultural income.
f) General partner or silent partner in an agricultural enterprise: Income from the profit of a shareholder in an agricultural enterprise during the tax year totals EUR 10,000 and is at least 50 % of taxable total income.
g) General partner or silent partner in a business partnership: Income from the profit of a shareholder in a business enterprise during the tax year totals EUR 10,000 and is at least 50 % of taxable total income.
h) Capital income recipients: Taxable capital income during the tax year is at least EUR 10,000 and accounts for at least 50 % of taxable total income (earned income + taxable capital income).
i) If a taxpayer does not meet any of the conditions above, but their taxable total income during the tax year exceeds EUR 10,000, they are placed in the group corresponding closest to their income level.
_______________________________________________________________________________
5. Others: If the taxpayer´s taxable income is less than EUR 10,000 and they are not in any of the above classes, they are placed in the group ´Others´. - Size of dividends - Size of profit surplus Non-display rules: Whenever a group consists of fewer than 3 companies or 5 individuals, the quantity and the euro amounts relating to that group are hidden. In addition, the second smallest group is also normally hidden although it may consist of more than 3 companies or 5 individuals. The software application that determines non-display will minimize the quantity of hidden cells. For this reason, it may sometimes hide other cells than the second-smallest one. However, the classifiers´ Unknown classes have not been hidden, and no secondary non-displays are affected by Unknown classes. Inquiries:
verotilastot@vero.fi