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Tax Relief
All forms of relief apply only to Finnish residents.
The following amounts are subject to the definitions in law:
Personal Relief
| Class of Relief. |
Amount - EUR. |
| Interest on a loan. |
Allowable. |
| Standard deduction for an employee. |
620 EUR. |
| Travel to and from work. |
Up to EUR 7,000 |
| Professional literature. |
Fully allowable for an employee. |
| Compulsory social security payment. |
Allowable. |
| Optional social security payment. |
Allowable to a limit. |
Finland Business Deductions
Offset of losses - a loss may be offset forward for 10 years. There is no carryback for losses .
Transactions between affiliated parties when the sum of the transaction is significantly higher than the market price are not allowable .
Thin Capitalisation - There are no special regulations regarding thin capitalisation .
Cosolidated Returns -Such returns are not allowed in Finland .
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