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.

 

At present, there are no general domestic rules on exit taxation. There are, however, some domestic rules in place concerning exit taxation in certain situations, some of which have been considered being against Article 49 of the Treaty on the Functioning of the European Union as no deferral of tax levy has been available in Finland.

 

Discover More: New Rules for International Corporate Taxation: Exit Tax, Hybrid Mismatch Situations and MDR in Finland

 

 

Crosshairs Icon

Article tags

Finland

Hands on Keyboard

Newsletter

Keep up to date with news, views and updates from Taxand.

Sign-up now »

Search