Supreme Administrative Court ruled that dividend income is taxable even when derived from capital return on shares.

The Supreme Administrative Court determined that income derived from the return of own capital on shares constitutes taxable dividend income under Finnish tax law. The taxpayer argued that since the return matched the original investment cost, it should be tax-exempt, but the court rejected this distinction. Consequently, the court held that such returns are subject to taxation as they represent a return on investment rather than a pure capital recovery.