On 17 October 2008 the Finnish Government issued a Bill to amend the current Business Income Tax Act in accordance with international financial reporting standards and recent development in bookkeeping legislation.

On 1 June 2022, the Finnish Tax Administration communicated that, between 1 March and 30 September 2022, it will not collect late-filing penalties for missing VAT returns from foreign companies...

The European Court of Justice has recently delivered its preliminary ruling in the case concerning A Oy (C 123/11) on deductibility of non-resident subsidiary’s losses in the context of a cross-border merger.

European Court of Justice has issued a ruling (C-284/09) in which the German dividend withholding taxation was deemed to infringe the principle of free movement of capital.

The Supreme Administrative Court has issued on 5 January 2011 a ruling concerning the change of generation relief of gift taxation (KHO 2011:1).

The European Commission has decided to refer Finland to the European Court of Justice because of failure to comply with a Reasoned Opinion on its legislation which discriminates against foreign pension funds.

In October 2011, major Finnish trade unions and employers’ organisations agreed on conditions of a new framework agreement.

The European Commission presented on 16 March 2011 a proposal that calls for a common system for calculating the tax base of business operating in the EU.

According to current regulations in the Income Tax Act, capital losses derived from the sale of assets are deductible from capital gains in the year when the loss is incurred and during three following fiscal years.

According to current regulations in the Income Tax Act, capital losses derived from the sale of assets are deductible from capital gains in the year when the loss is incurred and during three following fiscal years.

On 3 February 2026, the Supreme Administrative Court (SAC) denied the appeal application filed by the Tax Recipients' Legal Services Unit in the case concerning the electricity sector's Profit Tax Act.

Amendments to the regulations concerning the system of appeal in taxation cases have been proposed in the recent government bills 74/2012 and 76/2012.

On 12 March 2010 the Finnish Supreme Administrative Court issued two rulings concerning taxation of cross-border dividends.

The Supreme Administrative Court has issued a ruling based on which a transfer of employees does not necessarily hinder the applicability of a granted special permit relating to the right to deduct a company’s tax losses (in this case totalling to EUR 558 million), despite a change of ownership.

On 21 March 2013, the Finnish Government reached agreement on central government spending limits for 2014-2017.

In September 2023, the European Commission published its proposed directive on Business in Europe: Framework for Income Taxation (BEFIT) aimed at cross-border groups.

The Finnish Supreme Administrative Court issued a ruling on 30 December 2011 in which it decided to request for a preliminary ruling of the European Court of Justice on whether the dispensation procedure relating to the possibility of using tax losses after a qualified change in ownership could be deemed as an illegal state aid.

The Finnish CFC legislation implies that a Finnish company may be subject to income tax for its share of the profit of a CFC regardless of whether these profits are distributed by the CFC to its shareholders or not.

Finnish Central Tax Board gave a published preliminary ruling on 5 October 2011 whether incorporating only one real property could be regarded as a transfer of assets.

Arvonlisäveron yleinen verokanta nousee 25,5 %:iin 1.9.2024 alkaen. Asialla voi kuitenkin olla vaikutusta jo tätä ennen tehtyihin sopimuksiin, joten kuhunkin sopimukseen soveltuva alv-kanta ja sitä kautta...