The Finnish government has issued a release on the tax measures in the 2024 budget proposal, including an emphasis on reducing the taxation of labor and low- and middle-income earners. This includes the revision of the state individual income tax brackets/rates as follows:
- up to EUR 20,500 - 12.64%
- over EUR 20,500 up to 30,500 - 19.0%
- over EUR 30,500 up to 50,400 - 30.25%
- over EUR 50,400 up to 88,200 - 34.0%
- over EUR 88,200 up to 150,000 - 42.0%
- over EUR 150,000 - 44%
The individual incom…