Verohallinto publishes 2026 share comparison values

Verohallinto has published the share comparison values (osakkeen vertailuarvo) for tax year 2026Vero. Its Muut julkiset tiedot page gained two entriesVero: the 2026 comparison values as a spreadsheet (xlsx, 9.2 Mt) and as a pdf (17 Mt). The files were produced with 2025 data on 2 November 2026Vero, and they extend the page's yearly series that runs from the 2025 files back to 2016.

The comparison value is the published value of a share in a company other than a publicly listed oneVero; the same page section also carries the tax value of an agricultural cooperative's share. Verohallinto computes the comparison value for domestic non-listed companies, and for foreign entities taxable in Finland that correspond to a domestic non-listed companyVero, from the company's previous tax year net assets minus the dividend decided for distribution for the financial periodVero. Net assets means the difference between the company's assets and liabilitiesVero, with both valued under the valuation act's rules. The comparison value of a non-listed company's share is public informationVero, which Verohallinto publishes each year on vero.fi under Muut julkiset tiedotVeroVero. The underlying guidance also addresses appeals against the mathematical value and the comparison value.

Practitioners need the comparison value when computing a shareholder's net wealthVero: a parent company, for example, needs its subsidiaries' share comparison values for its own net-wealth computation. The computed value also matters in inheritance and gift taxationVero, where it feeds the value used for the generation-transfer reliefVero under section 55 of the Inheritance and Gift Tax ActFinlex. Company tax-return data is one of the inputs Verohallinto uses for the computation, and the valuation act governs cases with special calculation rules.

Legal basis: the act on the valuation of assets for taxation (arvostamislaki, ArvL)Vero, under which Verohallinto computes the mathematical value and the comparison value of a non-listed company's shareVeroVero and publishes the yearly comparison-value tableVero.