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Finnish Parliament Considering 2021 Budget Legislation

13 October 2020

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Proposed Changes

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Finland

The Finnish parliament began debates on the 2021 Budget on 7 October 2020. The Budget and related bills were submitted on 5 October 2020 and include the following measures: The adjustment of individual income tax brackets as follows: up to EUR 18,600 - 0% over EUR 18,600 up to 27,900 - 6% over EUR 27,900 up to 45,900 - 17.25% over EUR 45,900 up to 80,500 - 21.25% over 80,500 - 31.25% Benefits in kind changes, including that public transport tickets up to EUR 3,400 and bikes up to 1,200 per year provided by employers for commuting to and from...