Finland's Budget Bill for 2016 was enacted on 17 December 2015. One of the main measures is the reduction of the individual income threshold for the additional 2.25% solidarity tax, which effectively removes the 29.5% bracket. As a result, the following brackets and rates apply for 2016:
- EUR 16,700 up to 25,000 - 6.5%
- over EUR 25,000 up to 40,800 - 17.5%
- over EUR 40,800 up to 72,300 - 21.5%
- over EUR 72,300 - 31.75%
Other changes include:
- The permitted range of real estate tax at the munic…