On 23 September 2024, Finland's Ministry of Finance issued a release announcing that the proposal for the State Budget for 2025 has been submitted to parliament. The Ministry also issued an overview of how taxation will change under the Budget.
One of the main changes is to the progressive individual income tax brackets and rates, including an increase in the bracket thresholds by 3.4%, except for the top two brackets, along with an increase in the highest bracket rate by 0.25% and a redu…