On 29 December 2022, Finnish President Sauli Niinistö signed legislation to extend Increased Depreciation of certain assets and to expand the Taxation of Concealed Dividends (hidden profit distributions). With respect to depreciation, the increased depreciation of machinery, equipment, and similar movable fixed assets for tax years 2020 to 2023 is extended so that it also applies for 2024 and 2025. The increased deprecation includes the doubling of the depreciation rate for assets acquired and put into service during these years, up to 50%. With respect to concealed dividends, the rules are amended so that concealed dividends are treated as fully...