OrbitaxOrbitax

Finland to Extend Increased Depreciation of Machinery, Equipment, and Similar Movable Fixed Assets and Expand Taxation of Concealed Dividends

|Proposed Changes|Finland
Finland

Finland's Ministry of Finance has issued a release on draft bill HE 227/2022 vp, which was submitted in parliament on 20 October 2022.

Draft bill HE 227/2022 vp would extend the increased depreciation of machinery, equipment, and similar movable fixed assets for tax years 2020 to 2023, so that it also applies for 2024 and 2025. The increased deprecation includes the doubling of the depreciation rate for assets acquired and put into service during these years, up to 50%.

Draft bill HE 227/…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.