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Budget for 2014 enacted

31 December 2013

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Approved Changes

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Finland

On 20 December 2014, the parliament finished the discussions on the Budget Bill for 2014. The amendments are summarized below. Individual taxation - The following rate table for the national income tax levied on earned income applies from 1 January 2014. Taxable income (EUR) Tax on lower amount (EUR) Rate on excess (%) 16,300 - 24,300 8.00 6.50 24,300 - 39,700 528.00 17.50 39,700 - 71,400 3,223.00 21.50 71,400 - 100,000 10,038.50 29.75 100,000   and above 18,547.00 31.75 - The maximum amount of the earned income credit against national tax on earned income (työtulovähennys) is increased. Consequently, the credit,...