In June 2019, the Finnish Ministry of Finance issued draft government bills for new legislation concerning exit taxation, hybrid mismatch rules and mandatory disclosure rules as required by EU directives. The draft proposals are open for consultation until mid-August 2019.
In general, the proposals include the minimum standards required by the directives. We have provided a summary of each draft proposal below.
Exit tax rules in corporate taxation
The rules on exit taxation implement the requirements of the EU Anti-Tax Avoidance Directive (the ATAD, 2016/1164/EU). The exit tax rules are to enter into force on 31 December 2019 and to apply from 1 January 2020 onwards.