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Draft Bills for Finland 2020 Budget Submitted in Parliament

16 October 2019

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Proposed Changes

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Finland

The draft bills for Finland's 2020 Budget were submitted in parliament on 7 October 2019. As previously reported, the tax measures of the Budget are mainly focused on individual taxation, which are implemented through Bill HE 24/2019 vp. This includes the amendment of the individual income tax brackets/rates as follows: up to EUR 18,100:  0% over EUR 18,100 up to 27,200 - 6% over EUR 27,200 up to 44,800 - 17.25% over EUR 44,800 up to 78,500 - 21.25% over 78,500 - 31.25% The bill also includes measures to make permanent the law on withholding tax on fixed-term employees from abroad...