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Finnish Government Agrees on Budget Proposal Measures for 2022

14 September 2021

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Proposed Changes

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Finland

Finland's Ministry of Finance has issued a release on the government's budget proposal for 2022. Some of the specific measures agreed to include the following: An index adjustment will be made for the taxation of earned income to ensure that no increase in taxation occurs due to an increased general price or earnings level; Excise duties on tobacco will be increased by EUR 117 million over a period of two years; All-electric vehicles will be exempted from the car tax from 1 October 2021, with a corresponding increase in the basic tax in vehicle taxes; The taxable value of low-emission...