Deposits And Bonds Will Be Tax Relief Act

Original Language Title: Talletusten ja obligaatioiden veronhuojennuslaki

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Read the untranslated law here: http://www.finlex.fi/fi/laki/ajantasa/1988/19880726

In accordance with the decision of the Parliament, provides for: 1 section (16.10.1992/921) of the natural person and is not considered to be taxable as income in the domestic State of the estate and the interest rate on the deposit of kunnallisverotuksissa, who was in the audience to receive the deposit into the Bank on deposit in the account referred to domestic or foreign credit institutions in Finland or to the branch responsible for the account of the cooperative savings fund, if: 1) the deposit shall be made in the account referred to above, the 24-month period from 1989 to 1995 and deposit annual interest rate is no more than the base rate of the Bank of Finland, less two percentage points; or (8.12.1994/1112) 2) deposit in the account referred to above, the 36 months shall be made on 1 September 1992 and no later than 31 December 1993, as well as deposit annual interest rate is no more than the base rate of the Bank of Finland, minus one percentage point.
If the deposit referred to in subparagraph (1) moves to the other otherwise than by virtue of naimaosana, marriage law, inheritance, inheritance or by way of compensation for the purposes of Chapter 8 of the form, or by a later release of the preceding period, the deposit and the period after the transfer the accrued interest is taxable in the taxpayer's taxation law in the order of the taxable income.

2 section (28.12.1990/1342) of the natural person and the State of the domestic estate taxable income-and kunnallisverotuksessa does not have to be paid by the Mortgage Bank of the State, or, between 1989-1992, record the issued bond loan rate, if 1) bond loan is 10 years; and 2) bond loan annual interest rate is not more than the amount of the base rate of the Bank of Finland.

Article 3, paragraph 1, the deposit is not subject to the estate tax, a natural and domestic funds. (16.10.1992/921)
In the years 1989-1992 issued a bond referred to in section 2 of the value of the estate is not a natural person and not be subject to domestic funds. (28.12.1990/1342)
Notwithstanding the provisions of paragraph 1, as referred to in paragraph 1 of article 1 of the deposits, the interest rate of which is, according to the first subparagraph of article 1 of the taxable income, are subject to the transferor and the transferee. Article 4 (16.10.1992/921) (16.10.1992/921) referred to in article 1, the financial institution must be included in the document on receipt of the deposit is given an explanation of what the effect of a deposit transfer is, as well as the depositary that the transferee.

More detailed provisions on the implementation of article 5 of this law shall be adopted, where necessary, regulation.

section 6 (8.12.1994/1112) this law shall enter into force on 1 January 1989. The law also applies to the period 1989-1995, 24 months for deposits, which are available for withdrawal only after 1995, and the first subparagraph of paragraph 1 referred to in paragraph 2, in 1992 and 1993 36 months for deposits, which are available for withdrawal only after 1993. Board of Directors ' proposal for a 45/88, Valtiovarainvaliok. Mrs. 36/88, a large valiok. Mrs. 87/88 acts entry into force and application in time: 1.12.1989/10: this law shall enter into force on 15 December 1989.
Board of Directors ' proposal for the 200/89, Valtiovarainvaliok. Mrs. 63/89, of the great valiok. Mrs. 155/89 28.12.1990/1342: this law shall enter into force on 1 January 1991.
Board of Directors ' proposal for the 123/90, Valtiovarainvaliok. Mrs. 66/90 and 66 (a)/90, a large valiok. Mrs. 221/90, court order/377: this law shall enter into force on 1 May 1992.
Article 1 of the Act shall apply to the date of entry into force of the laws of the day, and after kertyvään interest rate.
The Board's proposal to the 29/92, Valtiovarainvaliok. Mrs. 13/92 16.10.1992/921: this law shall enter into force on 22 October 1992.
Article 1 of the Act shall apply to the section referred to in paragraph 2, the deposits of 1 September 1992 and after kertyvään interest rate.
THEY'RE 119/92, Staub 38/92 8.12.1994/1112: this law shall enter into force on 1 January 1995.
The applicable law in article 1, paragraph 1, sub-paragraph 1 the deposits referred to in paragraph 1 January 1995 and for the period after kertyvään interest rate.
THEY 177/94, Staub 55/94