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Finland Consulting on Tax Credit for Large Industrial Investments Supporting the Transition to a Net-Zero Economy

18 September 2024

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Proposed Changes

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Finland

Finland's Ministry of Finance has announced the launch of a public consultation on a tax credit for large industrial investments supporting the transition to a net-zero economy. The tax credit would be equal to up to 20% of investment costs, with a maximum tax credit of EUR 150 million per company, calculated on a group-by-group basis. Supported projects may relate to: Renewable energy production (including hydrogen and hydrogen fuels), electricity and heat storage, and storage of renewable hydrogen, biofuels, bioliquids, biogas, and biomass fuels; Decarbonization of industrial production processes and energy efficiency measures; and Investments in the production of equipment...