Finland's 2016 Budget was presented to parliament on 28 September 2015. The main tax changes are summarized as follows.
Individual Income Tax
The threshold for the additional 2.25% solidarity tax on individual income is lowered, effectively replacing the 29.5% bracket. As proposed, this results in the following brackets and rates:
- EUR 16,700 up to 25,000 - 6.5%
- EUR 25,001 up to 40,800 - 17.5%
- EUR 40,801 up to 72,300 - 21.5%
- over EUR 72,300 - 31.75%
Real Estate Tax
The permitted range…