We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
The AI assistant for tax questions
Track worldwide tax law changes daily
Cross-border tax analysis and data
Unify and empower your entity management
Provides compliance steps, forms & rates
Visualize and manage your entity data
Comprehensive compliance management
Audit and global tax controversy tracking
Manage reportable cross-border arrangements
Country-by-country reporting & compliance
Pillar 2 planning, reporting and compliance
Calculate US tax impact of foreign operations
Automated workflows for recurring tax tasks
Secure API connections to 3rd-party systems
Secure storage for your tax documentation
The AI assistant for tax questions
Collaborate securely on your tax data
Share This Article
|
|
Finland's Ministry of Finance has issued a release on draft bill HE 227/2022 vp, which was submitted in parliament on 20 October 2022. Draft bill HE 227/2022 vp would extend the increased depreciation of machinery, equipment, and similar movable fixed assets for tax years 2020 to 2023, 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%. Draft bill HE 227/2022 vp would also expand the taxation of concealed dividends (hidden profit distributions). Currently, 75% of concealed dividends...