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Finland | Changes to Corporate and Income Tax Rates and Treatment of Credit Losses

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As of 1 January 2012, the corporate income tax rate in Finland was reduced from 26% to 24.5%. This is a welcome change, a permanent saving for companies of all sizes.

At the same time, the tax rate for capital income (including capital gains) was increased from 28% to 30%. In addition, for capital income exceeding 50,000 EUR, the applicable tax rate is 32%.

Further, the maximum amount of dividends that can be distributed tax-exempt to a private individual from a non-listed company was reduced from 90,000 EUR to 60,000 EUR.

As explained briefly below, there is also a recent Supreme Administrative Court ruling, which is likely to have immediate impact on (typically private equity) companies where the lender may be considering enforcement of securities owing to breach of the facility agreement.

(For further information, please contact Mr. Niklas Thibblin at This e-mail address is being protected from spambots. You need JavaScript enabled to view it Mr. Jouni Kautto at This e-mail address is being protected from spambots. You need JavaScript enabled to view it )

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