An analysis by Borenius
Finland’s tax administration has released new tax guidance in respect of new R&D tax incentive rules which will be applied from the 2023 tax year onwards. The incentive contributes to Finland’s goal of increasing its share of R&D activities to 4% of its GDP by 2030 and comes in the form of an additional tax deduction, determined based on the taxpayer’s annual R&D expenses.
Einari Karhu and Aapo Pessi of our Finnish firm, Borenius, analyse the key aspects of this new tax guidance including the benefits, the procedure and the relevant deadlines.
Read more here.
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