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Finnish Parliament Considering Draft Bill for Certain 2022 Budget Measures Including Revised Individual Income Tax Brackets

05 October 2021

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Proposed Changes

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Finland

The Finnish parliament is considering draft bill HE 142/2021 vp, which contains certain measures for the 2022 budget. This includes revised state individual income tax brackets as follows: up to EUR 19,200 - 0% over EUR 19,200 up to 28,700 - 6% over EUR 28,700 up to 47,300 - 17.25% over EUR 47,300 up to 82,900 - 21.25% over EUR 82,900 - 31.25% The draft bill also provides for an increase in the earned income credit for state tax, an increase in the basic allowance for low-income earners for municipal tax, and certain other individual tax changes. Further, the draft...