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Finland Releases Draft Budget Proposal for 2022

17 August 2021

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Proposed Changes

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Finland

Finland's Ministry of Finance has announced the release of the draft Budget Proposal for 2022, which is to be finalized and submitted to Parliament on 27 September 2021. The tax-related measures of the draft are summarized in the announcement as follows. --- Reinforcement of tax revenues Central government revenue is estimated at EUR 56.5 billion in 2022, of which tax revenues will account for EUR 47.8 billion. The revenue estimate is based on a forecast made in June. Tax revenues are expected to grow by some 6.2 per cent compared to the budgeted figure for 2021. The increase in tax...