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Finland Consulting on Alternative Models for Implementing Mining Tax

14 June 2022

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Proposed Changes

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Finland

The Finnish government has announced that the working group established in January 2022 to assess different tax models for the implementation of a mining tax has completed its work. The working group was established as part of the budget negotiations for 2022, which included the government's decision that a mining tax would be introduced in 2023 instead of increasing the electricity tax on mining operations. As presented in an assessment memorandum, the working group has evaluated two main models for the mining tax, including a royalties-based model and a net income tax model. In general, the working group's view is...