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Finnish Parliament Considering Draft Bill for New Mining Tax

30 November 2022

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Proposed Changes

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Finland

The Finnish parliament is considering draft bill HE 281/2022 vp, which was submitted in parliament on 17 November 2022 for the introduction of a new mining tax on minerals extracted in Finland. The tax would be a simple and formulaic payment in the nature of a royalty. The taxable value for metals would be based on the annual average of the world market price of each metal ore, while other mined minerals would be taxed based on the amount. The proposed tax rates are 0.6% on the taxable value of the metal contained in ore and EUR 0.2 per ton...