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Finland 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 when used for purchase of certain assets. |
| Standard deduction for an employee. |
650 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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