Category: Tax

The Tax at Source for Key Employees Will Decrease from 32% to 25%, and Returning Finnish Citizens Will Also Become Eligible for the Key Employees’ Tax Card Finland is taking a significant step in strengthening its competitiveness as an attractive working destination for international talents. According to the Government Proposal (HE 98/2025 vp), the tax…

In November, the Finnish Tax Administration will introduce a new reference number that allows taxpayers to pay almost all taxes with a single number. The change applies to companies and organizations, excluding sole proprietors. The purpose of this reform is to simplify the process of paying taxes and allocating payments to the correct tax types.…

The Finnish Government has published its General Government Fiscal Plan for the years 2026–2029. The plan sets out numerous policy guidelines for the development of tax legislation through the end of the current decade. Several of the proposed changes, if implemented, would have a significant impact on both corporate and personal taxation of entrepreneurs. While…

Supreme Administrative Court (KHO) 2024:88 In recent Finnish case law Supreme Administrative Court of Finland (KHO) examined how unrealized foreign exchange gains and losses from euro-denominated loans granted by a Swedish company, A AB, to its Finnish subsidiary should be taxed, given that A AB was considered generally liable for tax in Finland based on…

Enactment of the law The general VAT rate will increase from 24% to 25.5% starting September 1, 2024. The timing of the legislative change, the rapid schedule, and its occurrence at the end of the summer vacation period present challenges for businesses, which will have a relatively short period to prepare for the change. The…

Effective tax planning is an important part of a company’s business strategy. By acting proactively in relation to taxation obligations, you can enhance your risk management and take advantage of opportunities that require planning. Tax planning can release your company’s resources and the expertise of professionals for your company’s growth and development! Next, our experts…

Finance Minister Saarikko signed a new tax treaty on April 4, 2023, which still requires a legislative proposal and approval by the parliament for its enactment. The currently effective treaty, established in the 1970s, will soon be replaced. The main changes in the new treaty involve methods to eliminate double taxation, the taxation of dividends…

The Tax administration has published tax-exempt allowances for 2023. Employers are entitled to reimburse business trip related costs to the employees who are in the employment relationship. A business trip means, for example, visiting a customer. This article does not deal with reimbursements for business travel expenses nor volunteers of non-profit organizations. These allowances are covered…

Transfer Pricing Adjustment – What Changes? The government proposal HE 188/2021 is intended to be approved by the parliament in December 2021, which would make it effective from the beginning of 2022. The main goal of the proposal is to expand the scope of the tax procedure law (“VML”) section 31, which concerns transfer pricing…

As per the proposal given by the government on 1.10.2020, numbered 136/2020, the income tax law was amended from 1.1.2021 onwards, particularly in terms of Section 9 of the law. This clause deals, as per its title, with tax residency and non-residency in Finland. For tax resident persons, all worldwide income is taxed in Finland…