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Amendments to the Finland 2015 Budget Proposed

21 November 2014

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Proposed Changes

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Finland

On 19 November 2014, the Finnish government published proposed amendments to the 2015 budget. Direct tax related amendments include a two-year extension of the system of accelerated depreciation on production-related investments. In 2015 and 2016 depreciation on production-related investments will be allowed at a double rate. This double-rate depreciation would apply to new factory and engineering workshop buildings as well as new machinery and equipment to be used in these premises. The proposed amendments also include a reduction in the tax on fuel peat to €3.4 per MWh, and the canceling of the increased excise duty on sweets scheduled for...