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Finland 2024 Budget Includes Several Individual Income Tax and Other Measures

11 October 2023

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Proposed Changes

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Finland

The Finnish government has issued a release on the tax measures in the 2024 budget proposal, including an emphasis on reducing the taxation of labor and low- and middle-income earners. This includes the revision of the state individual income tax brackets/rates as follows: up to EUR 20,500 - 12.64% over EUR 20,500 up to 30,500 - 19.0% over EUR 30,500 up to 50,400 - 30.25% over EUR 50,400 up to 88,200 - 34.0% over EUR 88,200 up to 150,000 - 42.0% over EUR 150,000 - 44% The individual income tax measures also include, among others, an increase in the maximum...