On 26 February 2010, the Finnish Supreme Administrative Court issued and published an advance ruling (KHO:2010:12) concerning interpretation of private equity activities of a holding company and the right of the holding company in question to deduct possible liquidation losses incurred in connection with a liquidation of operative subsidiary companies.

New WHT rules are applied to dividends paid as of the beginning of 2021. With the legislation change, amendments were made to the Act on the Taxation of Non-resident Income (Laki rajoitetusti verovelvollisen tulon verottamisesta, 627/1978).

The Finnish government has published a draft of a proposal for exit tax on private individuals that is intended to come into force from the beginning of 2023.

The Finnish Parliament passed a bill concerning tax credits for large investment aiming at a climate neutral economy.

When buyers and sellers cannot agree on a company's value during M&A negotiations, earn-out clauses offer a practical solution by linking part of the purchase price to future performance. This comprehensive guide examines how to structure effective earn-out arrangements that protect both parties' interests while minimizing the risk of post-transaction disputes.

Reporting an offence was considered in one in three tax audits last year.

On 17 November 2022 the Ministry of Finance published government proposal HE 279/2022, which proposes that the Income Tax Act be amended so that income...

When facing a potential dispute, there are many aspects and questions to consider.

The government has on the 19th of May given its bill on reforming the corporate and capital income taxation. The bill involves many changes, but the processing of the bill in parliament may still change the content of the reform.

Finnish players potentially face very significant tax implications if playing on online gambling platforms that lack a Finnish licence.

On 12 August 2022, the Ministry of Finance published a preliminary draft government proposal concerning a so-called exit tax on private individuals.

The Finnish Government has recently issued a proposal for new legislation concerning the tax deductibility of cross-border tax losses.

The latest version of the WTS Global Financial Services Infoletter presents news from none countries with a focus on the international Financial Services industry covering a diverse range of FS tax topics,...

Based on current information, there will be significant changes in Finland's taxation in upcoming years, which every current or future entrepreneur should take into account in their own activities.

In Finland, employees are entitled to certain tax deductions due to remote working and the COVID-19 pandemic for the 2020 tax year. You can claim a deduction, for example, for a home office, ...

The new tax regime is targeted to combat aggressive tax planning but is an exit tax the correct measure given the points raised by the critics.

Some time ago the only real closed-end funds managed by Finnish players were private equity and venture capital funds. Even on that front the past few years were really not labelled by active fund-raising.

Strong economic growth, high liquidity in property markets, high degree of transparency and highly competitive economy are some of the factors that have made Finland an interesting target for real estate investors.

Finland has gained a place among the richest industrial countries in the world. Today, worldwide trading in a wide variety of commodities is an integral part of the culture within the Finnish business community. In addition to being a world leader in forest based industries, Finland has an advanced metal industry and pioneering electronics and technology industry.