Finland France Tax TreatyMay 2023
Finland and France signed on April 4, 2023 a new double tax agreement, DTA, replacing the previous 1970 DTA between the two countries.
According to the DTA the tax withholding rate for payments of dividends will be 0%/15% depending of the shareholding in the paying company.
Payments of interest and royalties will be taxed in the residence state of the recipient party.
Finland Construction Works ReportsJune 2014
The Finnish tax administration announced that starting July 1, 2014 companies or self employed that commission construction works must collect worksite specific information on construction contracts.
The information must be submitted monthly to the tax administration starting September 2014.
Finland 20% Corporate Income Tax RateApril 2013
The Finnish government released on March 21, 2013 new tax measures effecting companies in the years 2014- 2017.
The tax measures include inter –alia decrease of the corporate income tax rate from the current 24.5% down to 20% in 2014.
In addition entertainment expenses will no longer be tax deductible from 2014.
Finland V.A.T RiseJanuary 2013
Starting January 1, 2013 there is an increase in the V.A.T rate.
The new standard V.A.T. rate is 24% compared to the previous 23% rate.
The new reduced V.A.T. rates are 14% and 10%.
More info: www.vero.fi
Finland Cyprus DTANovember 2012
Finland and Cyprus signed on November 15, 2012 a double taxation treaty, DTA.
According to the DTA the withholding rate for dividends will be 5%/15% depending on the percentage of holding by the recipient.
There will be no tax withholding for royalties and interest which will be taxed only in the country of the recipient.
Finland 2013 BudgetAugust 2012
The Finnish ministry of finance published on August 8, 2012 the budget proposal for 2013 effecting both companies and individuals.
The proposal for individuals includes, inter – alia, introducing a new tax bracket for inheritance and gifts above EUR 1 million, introducing a new tax bracket for income above EUR 100,000 and cutting tax deductible mortgage interest down to 80%.
Finland Tax Rates 2012January 2012
The new 2012 personal income tax rates for 2012 vary from 6.5% to 29.75%(for income exceeding EUR 70,300).
The church tax rates are 1%-2% while the municipal tax rates vary from 16.25% to 21.75%.
Social security rates for Finnish employers in 2012 are 17.35% for pension insurance, 2.12% for social security and 0.8%/3.2% for unemployment fund.
Finland Increased V.A.T. RateAugust 2010
Effective July 1, 2010 the new standard V.A.T rate in Finland is 23%, compared to the previous 22% rate.
The previous reduced V.A.T. rate of 8% was increased too to 9%.
Finland Tax Rates 2009May 2009
There are minor changes in the personal income tax rates, 7%-30.5% in 2009, compared to 8.5%-31.5% in 2008.
The 2009 corporate income tax rate and the standard and reduced V.A.T. rates remain the same as in 2008.
Finland Tax Rates 2008January 2008
Finland's corporate tax rate in 2008 is 26%, same as in 2007.
Personal income tax rates for 2008 are 8.5%-31.5%.
Municipal tax rates are 16%-21%, church tax rates are 1%-2.25%.
The V.A.T rate for 2008 is 22%, same as in 2007.
Finland Taxes 2007January 2007
From 1.1.2007 there are slight changes in Finland's personal income tax rates.
The top national income tax rates are 24% and 32%, compared to previous rates of 25% and 32.5%.
There are also slight changes in the personal income tax brackets.
Finland Taxes 2006January 2006
From 1.1.2006 Finland has new individual income tax rates of 9%-32.5% (2005 rates, 10.5%-33.5%).
From 1.1.2006 the wealth tax is abolished.
Finland Income Tax 2005January 2005
From 1.1.2005 the new Finland corporate tax rate is 26% (previous rate-29%).
From that date, the tax rate for income from capital, capital gains, rental etc. Is 28% (previous rate-29%).
The imputation credit system for dividends was abolished.
Finland Income TaxNovember 2003
The government announced that corporate tax rate will go down to 26%.
capital gain tax to 28%.
The changes are due on 1.1.05.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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