The Finnish tax administration has issued guidance on the application of the country's general anti avoidance rule (GAAR). The guidance clarifies that the Finnish tax authorities and tax courts apply the principle of substance over form. Furthermore, efforts to minimize taxes are acceptable and GAAR will not be applied as long as there are adequate business reasons for a particular transaction and that the legal form of a transaction corresponds to its actual character. A list on various transactions and the potential application of GAAR can be found on the Finnish Tax Administration VERO SKATT website (Finnish Only)