The Finnish tax administration has published a series of guidance updates to take into consideration amended provisions on penalties, which were harmonized through Law 15/2018, published in January 2018 ({News-2018-01-30/A/2-previous coverage}). The changes enter into force on 1 May 2018 and are first applied on assessments of tax year 2018. The updated guidance includes: Income Taxation of Foreign Corporate Entities (English language) General Guidelines for the Attribution of Income to Permanent Establishment (English language) Country-by-Country Reporting (Finnish language) Transfer Pricing Documentation (Finnish language) The tax administration may impose a tax increase penalty or a late filing penalty where a taxpayer...