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…
In short, the working conditions of posted workers are becoming more aligned with Finnish standards, there is an increased requirement for employers to compensate for travel and accommodation costs, and the obligation for pre-notification by the sending employer is expanded. Additionally, the law introduces a new concept of “long-term posting.” Regarding the terms of employment…
