author_orbitax
Orbitax

Share This Article

Finland 2016 Budget Tax Changes

07 October 2015

|

Proposed Changes

|

Finland

Finland's 2016 Budget was presented to parliament on 28 September 2015. The main tax changes are summarized as follows. Individual Income Tax The threshold for the additional 2.25% solidarity tax on individual income is lowered, effectively replacing the 29.5% bracket. As proposed, this results in the following brackets and rates: EUR 16,700 up to 25,000 - 6.5% EUR 25,001 up to 40,800 - 17.5% EUR 40,801 up to 72,300 - 21.5% over EUR 72,300 - 31.75% Real Estate Tax The permitted range of real estate tax at the municipal level is changed to 0.39% - 0.90% for residential property and...