The draft bills for Finland's 2020 Budget were submitted in parliament on 7 October 2019. As previously reported, the tax measures of the Budget are mainly focused on individual taxation, which are implemented through Bill HE 24/2019 vp. This includes the amendment of the individual income tax brackets/rates as follows:
- up to EUR 18,100: 0%
- over EUR 18,100 up to 27,200 - 6%
- over EUR 27,200 up to 44,800 - 17.25%
- over EUR 44,800 up to 78,500 - 21.25%
- over 78,500 - 31.25%
The bill…