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Budget for 2010: Proposed changes in taxation

Finland
31 Aug 2009

The Finnish Government has published the outlines for the country's 2010 budget, which include some changes in taxation. The attached alert briefly describes the planned actions. The proposed budget will be presented to the Parliament in September 2009.{C}

 

Taxand's Take

Highlights to changes in the 2010 Finland budget include:

  • VAT: The general VAT rate currently at 22% will be increased to 23%.
  • Corporate taxation: To assist companies in financial difficulties, the interest rate for late payment of tax is proposed to be decreased to 7% in 2010.
  • Other changes in taxation include: Capital gains derived from the sale of farmland to be used in professional
    agriculture will be tax exempt in 2009 - 2010.

Your Taxand contact for further queries:
Janne Juusela
T. +358 9 6153 3431
E. janne.juusela@borenius.com

Taxand's Take Author