The Finnish Government issued a government bill amending the Finnish rules on interest deduction limitations on 27 September 2018. The proposal suggests significant restrictions on deducting net interest expenses paid to both group entities and external lenders. Even though the proposed legislation is stricter in comparison to current legislation, the proposal is, for the most part, limited to the implementation of the minimum requirements established in the EU Anti-Tax Avoidance Directive (ATAD). Revised exemptions applicable to group companies and certain financial institutions will be available.


Discover more: New Interest Deduction Limitation Rules Entering into Force at the Beginning of 2019

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Taxand's Take


The amendments are proposed to enter into force on 1 January 2019 and apply to the fiscal year 2019. We will continue to monitor the legislative process of this proposal closely and provide updates if necessary.

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