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Finland Publishes Income Tax Amendment Laws for 2018

27 December 2017

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Approved Changes

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Finland

On 18 December 2017, Finland published the individual income tax brackets for 2018 (Law 875/2017). The brackets and rates are as follows: up to EUR 17,200 - 0% over EUR 17,200 up to 25,700 - 6.00%   over EUR 25,700 up to 42,400 - 17.25% over EUR 42,400 up to 74,200 - 21.25%   over EUR 74,200 - 31.25%   In addition, Finland published Law 876/2017, which provides various income tax measures, including that pension contributions paid by an employer are only consider taxable income if exceeding EUR 8,500 annually. The law also includes that the basic deduction for municipal tax purposes is...