Practical Guide to Ceasing Your Tax Residency in Finland

Practical Guide to Ceasing Your Tax Residency in Finland

So, you've decided to embark on a new adventure and leave Finland! While this is an exciting time, it's important to handle the administrative side properly. One of the key tasks is to cease your tax residency in Finland. Follow this detailed step-by-step guide to ensure a smooth transition.

Step 1: Notify the Finnish Tax Administration

You must inform the Finnish Tax Administration (Verohallinto) about your move. This can be done by submitting a form such as 'Notice of Moving Abroad' (Form Y38). Ensure that all personal information is accurately filled out and submitted promptly.

Step 2: Deregister from the Finnish Population Information System

Deregister from the Finnish Population Information System by informing the Local Register Office (Maistraatti). This can typically be done online or in person. Ensure you provide details of your new address abroad.

Step 3: Settle Outstanding Taxes

Before leaving, ensure all your taxes are paid up to date. This includes any back taxes, current year taxes, and potential exit taxes. Contact the Finnish Tax Administration if you need a final tax assessment.

Step 4: Update Your Contact Information

Update your contact information with the Finnish Tax Administration to ensure you receive any important correspondence even after you have moved. Provide an address where you can be reached abroad.

Step 5: Close or Update Finnish Bank Accounts

If you have Finnish bank accounts, decide whether to close them or update them with your new address abroad. This will help in managing any financial matters and ensure you receive any tax refunds or other financial correspondence.

Step 6: Inform Other Relevant Authorities and Organizations

Notify other relevant authorities and organizations about your move. This could include pension providers, insurance companies, and other financial institutions. Ensure they have your updated contact details and new address.

Legal References

  • Income Tax Act (Tuloverolaki) 1535/1992
  • Act on the Population Information System (Laki väestötietojärjestelmästä) 661/2009
  • Tax Procedure Act (Verotusmenettelylaki) 1558/1995
  • Government Decree on Tax Procedure (Valtioneuvoston asetus verotusmenettelystä) 763/2007

Useful Links

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